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

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

Origin Agritech Price Performance

Shares of NASDAQ:SEED opened at $2.02 on Friday. The company’s 50 day simple moving average is $2.11 and its 200 day simple moving average is $2.49. Origin Agritech has a 1 year low of $1.64 and a 1 year high of $6.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 0.17% of Origin Agritech as of its most recent filing with the Securities & Exchange Commission. 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.