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

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

Origin Agritech Stock Performance

SEED stock opened at $2.41 on Friday. Origin Agritech has a twelve month low of $1.37 and a twelve month high of $6.38. The stock’s 50 day moving average is $3.13 and its 200-day moving average is $3.76.

Hedge Funds Weigh In On Origin Agritech

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 its most recent 13F filing 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 about 0.66% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission (SEC). 1.70% of the stock is 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.