StockNews.com Begins Coverage on Origin Agritech (NASDAQ:SEED)

Equities research analysts at StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a report issued on Sunday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Price Performance

Shares of SEED stock opened at $2.58 on Friday. Origin Agritech has a 1 year low of $1.37 and a 1 year high of $6.38. The firm has a fifty day moving average price of $2.81 and a 200-day moving average price of $3.64.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC bought a new position in Origin Agritech Limited (NASDAQ:SEED) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% of Origin Agritech as of its most recent filing with the SEC. Institutional investors and hedge funds own 1.70% of the company’s stock.

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.