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

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

Origin Agritech Price Performance

SEED stock opened at $2.03 on Monday. The company’s 50-day moving average price is $2.43 and its 200 day moving average price is $2.94. Origin Agritech has a 52 week low of $1.37 and a 52 week high of $6.38.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd bought a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 0.17% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission (SEC). 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.