StockNews.com Begins Coverage on Origin Agritech (NASDAQ:SEED)

Equities researchers at StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Saturday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Trading Down 6.3 %

SEED stock opened at $2.66 on Friday. Origin Agritech has a 52-week low of $1.37 and a 52-week high of $6.38. The business has a 50-day simple moving average of $2.81 and a two-hundred day simple moving average of $3.67.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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. 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.