Origin Agritech (NASDAQ:SEED) Issues Quarterly Earnings Results

Origin Agritech (NASDAQ:SEED) announced its earnings results on Thursday. The biotechnology company reported ($0.09) EPS for the quarter, FiscalAI reports. The business had revenue of $3.57 million for the quarter.

Origin Agritech Stock Performance

Shares of Origin Agritech stock opened at $1.13 on Thursday. Origin Agritech has a 12-month low of $0.74 and a 12-month high of $2.49. The firm’s 50 day simple moving average is $1.23 and its two-hundred day simple moving average is $1.25.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new stake in Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Origin Agritech in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Origin Agritech has a consensus rating of “Sell”.

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.