Origin Agritech (NASDAQ:SEED) Share Price Passes Above 200 Day Moving Average – Here’s Why

Origin Agritech Limited (NASDAQ:SEED) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.30 and traded as high as $1.3229. Origin Agritech shares last traded at $1.23, with a volume of 44,056 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Agritech in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Origin Agritech Trading Down 4.7%

The business has a 50-day moving average price of $1.17 and a 200-day moving average price of $1.30.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned 0.58% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is currently owned by institutional investors and hedge funds.

About Origin Agritech

Origin Agritech (NASDAQ:SEED) is an agricultural biotechnology company focused on the research, development, production and sale of hybrid rice seeds. The company’s core business activities center on the application of molecular marker‐assisted selection and genomics to develop high‐yielding, disease‐resistant and stress‐tolerant rice varieties. Its product portfolio includes proprietary cytoplasmic male sterile (CMS) lines, hybrid parent lines and commercial seed varieties tailored to the agronomic needs of rice growers.

Origin Agritech primarily serves the major rice‐producing provinces of China, where it has established breeding stations, seed production bases and a distribution network to supply certified hybrid seeds.