Origin Agritech (NASDAQ:SEED) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Origin Agritech Limited (NASDAQ:SEED) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.30 and traded as high as $1.35. Origin Agritech shares last traded at $1.14, with a volume of 521,208 shares traded.

Analyst Upgrades and Downgrades

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

Origin Agritech Price Performance

The stock’s fifty day simple moving average is $1.16 and its two-hundred day simple moving average is $1.30.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 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 reporting period. 1.70% of the stock is currently owned by hedge funds and other institutional investors.

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.