Origin Agritech (NASDAQ:SEED) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Origin Agritech Limited (NASDAQ:SEED)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.26 and traded as high as $1.3399. Origin Agritech shares last traded at $1.31, with a volume of 12,841 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Origin Agritech in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Origin Agritech has an average rating of “Sell”.

Origin Agritech Price Performance

The stock has a fifty day moving average of $1.29 and a two-hundred day moving average of $1.26.

Institutional Trading of Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned 0.58% of Origin Agritech as of its most recent filing with the Securities & Exchange Commission. 1.70% of the stock is owned by hedge funds and other institutional investors.

Origin Agritech Company Profile

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.