Origin Agritech Ltd. (SEED, Financial) experienced a notable stock movement, with its price dropping 5.29%. The stock is currently trading at $3.04 per share, with a trading volume of 9,900 shares and a turnover rate of 0.16%. The price fluctuation for the stock reached 5.42%.
In recent financial reports, SEED recorded a revenue of $12.77 million, net profit of $187,970.10, and earnings per share of $0.03. The company's gross profit totaled $2.46 million, with a price-to-earnings ratio of 2.52. Currently, there are no institutional ratings available for the stock, such as buy, hold, or sell recommendations.
The agricultural supplies sector, where Origin Agritech operates, saw an overall growth of 0.05%. Within this sector, stocks like CF Industries Holdings, Cvr Partners, Lp, and Nutrien Ltd. showed significant gains. Meanwhile, N2Off, Inc., Scotts Miracle-Gro Company, and CF Industries Holdings experienced notable trading activity, with turnover rates of 3.44%, 0.30%, and 0.28% respectively. Chinese Green Agriculture, N2Off, Inc., and Origin Agritech had significant price fluctuations of 23.93%, 6.96%, and 5.42% respectively.
Origin Agritech Ltd. is a Chinese agricultural technology firm known for its advancements in crop seed biotechnology. It developed the first genetically modified corn with a biosafety certificate from the Chinese Ministry of Agriculture, featuring phytase traits. The company has a robust product line of biotech seeds, including those with glyphosate tolerance and insect resistance traits.
