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

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

Origin Agritech Trading Down 6.1 %

Origin Agritech stock opened at $2.93 on Friday. Origin Agritech has a 52 week low of $1.37 and a 52 week high of $6.38. The stock has a fifty day moving average price of $2.75 and a 200 day moving average price of $3.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% of Origin Agritech at the end of the most recent reporting period. Hedge funds and other institutional investors 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.