Origin Agritech (NASDAQ:SEED) Share Price Crosses Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Origin Agritech Limited (NASDAQ:SEED – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.24 and traded as high as $1.53. Origin Agritech shares last traded at $1.44, with a volume of 30,454 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Agritech in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Get Our Latest Analysis on Origin Agritech

Origin Agritech Trading Down 4.0%

The firm has a 50-day moving average of $1.53 and a two-hundred day moving average of $1.24.

Institutional Inflows and Outflows

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

Origin Agritech Company Profile

(Get Free Report)

Origin Agritech Limited, together with its subsidiaries, operates as an agricultural biotechnology in the People’s Republic of China. The company engages in the development and distribution of seed products; and research on genetically enhanced breeding technologies in agricultural crops. Its products include corn, soybean, canola, and rice seeds.

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