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

StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

Origin Agritech stock opened at $2.02 on Thursday. Origin Agritech has a 12 month low of $1.64 and a 12 month high of $6.38. The stock’s 50-day moving average is $2.06 and its 200-day moving average is $2.38.

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 3rd quarter, according to the company in its most recent Form 13F 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 at the end of the most recent reporting period. 1.70% of the stock is owned by hedge funds and other institutional investors.

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.