Origin Agritech gains on robust Q3, as selling prices increase
Shares of Origin Agritech Ltd. (Nasdaq:SEED) are gaining ground after the Chinese supplier of engineered seeds late Wednesday posted robust third-quarter results.
Revenues grew 7.73% in the quarter, while net income surged 63%, as the average selling price of Origin’s seeds increased and as volumes also edged up.
Shares gained 13%, or $0.63, to $5.37 out of the gate. For detailed price information and news stories on Origin Agritech, click SEED.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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