Origin Agritech (NASDAQ:SEED) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a report issued on Saturday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Price Performance

Shares of SEED opened at $2.64 on Friday. Origin Agritech has a 1-year low of $1.37 and a 1-year high of $6.38. The firm has a 50 day simple moving average of $3.40 and a 200-day simple moving average of $3.77.

Institutional Investors Weigh In On Origin Agritech

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