Origin Agritech (NASDAQ:SEED) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED) in a report issued on Monday. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Price Performance

Shares of Origin Agritech stock opened at $3.85 on Monday. The stock has a 50 day moving average of $2.70 and a 200 day moving average of $2.58. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $7.18.

Institutional Investors Weigh In On Origin Agritech

Several institutional investors have recently modified their holdings of SEED. BlackRock Inc. lifted its stake in shares of Origin Agritech by 15.6% in the 1st quarter. BlackRock Inc. now owns 166,189 shares of the biotechnology company’s stock valued at $1,388,000 after purchasing an additional 22,459 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Origin Agritech in the 1st quarter valued at approximately $177,000. Virtu Financial LLC bought a new stake in shares of Origin Agritech in the 1st quarter valued at approximately $115,000. Bank of America Corp DE lifted its stake in shares of Origin Agritech by 26.3% in the 1st quarter. Bank of America Corp DE now owns 8,063 shares of the biotechnology company’s stock valued at $67,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Origin Agritech in the 2nd quarter valued at approximately $118,000. 1.70% of the stock is owned by institutional investors.

About Origin Agritech

Origin Agritech Limited, together with its subsidiaries, operates as an agricultural biotechnology in the People's Republic of China. The company engages in the development and distribution of seed products; and research on genetically enhanced breeding technologies in agricultural crops. Its products include corn, soybean, canola, and rice seeds.