SEED Spikes on Heavy Volume Surging Over 12%

Shares of Beijing, China-based Origin Agritech Ltd (SEED) advanced 11.33 percent to $10.71 after gaining as much as 12.4 percent earlier. Analysts covering the co.’s stock give it a consensus price target of $12.50 per share. Volume has exploded ; mid-way through the session more than 1.78 million shares have already trading hands compared to a daily average volume of just 415K.

SEED opened at $9.58 on Tuesday. The day’s trading range for the ticker has been between $9.50 and $11.09 per share. The stock’s 50-day moving average is $9.13 and its 200-day moving average is $8.72. The company has a market cap of $245 million and a P/E (price-to-earnings ratio) of 33.66.

At last check, SEED was up $1.05, or 10.50%, to $10.63. The equity has a 52 week range of $6.63 to $15.02.

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About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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