Origin Agritech Limited (SEED, Financial), a Chinese agricultural technology company, recently experienced a significant drop in its stock price, falling 5.03% to $2.55 per share. The stock saw a trading volume of 12,639 shares, a turnover rate of 0.20%, and a price fluctuation of 8.33%.
Recent financial reports indicate that SEED achieved a revenue of $12.77 million, with a net profit of $187,970.10, resulting in earnings per share (EPS) of $0.03 and a gross profit of $2.46 million. The price-to-earnings (P/E) ratio stands at 2.12. Currently, no institutional ratings suggest a buy, hold, or sell recommendation for the stock.
SEED operates within the agricultural supplies industry, which has seen an overall decline of 1.92%. Within this sector, some stocks like Lavoro Limited, China Green Agriculture, and American Vanguard have posted significant gains. Meanwhile, N2Off, Inc., American Vanguard, and Mosaic have shown higher activity with turnover rates of 4.65%, 2.86%, and 1.33%, respectively. Stocks experiencing notable price fluctuations include China Green Agriculture, Benson Hill, Inc., and Bioceres Crop Solutions Corp., with swings of 14.78%, 12.41%, and 11.57%, respectively.
Origin Agritech is notable for its advancements in crop seed biotechnology. It was the first to receive a biosafety certificate from China's Ministry of Agriculture for its phytase corn, a genetically modified organism. The company has developed a robust line of biotech seed products, including those with glyphosate tolerance and insect resistance (Bt) traits.
