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

Research analysts at StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

Shares of NASDAQ SEED opened at $2.13 on Friday. The business’s 50-day moving average price is $2.59 and its two-hundred day moving average price is $3.14. Origin Agritech has a one year low of $1.37 and a one year high of $6.38.

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is owned by 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.