Origin Agritech (NASDAQ:SEED) Now Covered by Analysts at StockNews.com

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

Origin Agritech Stock Down 3.9 %

Shares of NASDAQ SEED opened at $2.58 on Monday. Origin Agritech has a 12-month low of $1.37 and a 12-month high of $6.38. The company has a 50-day moving average of $2.81 and a 200 day moving average of $3.62.

Institutional Investors Weigh In On Origin Agritech

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 second quarter, according to its most recent disclosure with the SEC. The firm bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech as of its most recent SEC filing. Institutional investors and hedge funds own 1.70% of the company’s stock.

Origin Agritech Company Profile

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.