Origin Agritech Ltd. (SEED, Financial) experienced a significant stock price increase, surging 6.07%, with the trading price reaching $3.01 per share. This movement came with a trading volume of 6,907 shares, a turnover rate of 0.11%, and a price fluctuation of 3.96%.
Recent financial reports indicate that SEED achieved a revenue of $12.77 million and a net profit of $187,970.10, translating to earnings per share of $0.03 and a gross profit of $2.46 million. The company's price-to-earnings (P/E) ratio stands at 2.42. Currently, no financial institutions have issued buy, hold, or sell recommendations for the stock.
In the agricultural supplies sector, where SEED is categorized, the overall decline was 0.09%. Among its peers, China Green Agriculture and Mosaic Company also saw substantial gains. Active trading was noted in N2Off, Inc., Mosaic, and FMC Corporation with turnover rates of 3.40%, 1.05%, and 0.43%, respectively. Notable price fluctuations were observed in Lavoro Limited, China Green Agriculture, and N2Off, Inc., with amplitudes of 9.50%, 8.11%, and 6.83%.
Origin Agritech Ltd. is a Chinese agricultural technology company known for its advancements in crop seed biotechnology. It is recognized for its phytase corn, the first genetically modified corn to receive a biosafety certificate from China's Ministry of Agriculture, and has developed a robust biotechnology seed product line featuring glyphosate tolerance and insect resistance (Bt) traits.
