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

Analysts at StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a report released on Saturday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Trading Down 6.3 %

Origin Agritech 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’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $3.66.

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 Origin Agritech Limited (NASDAQ:SEED) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.70% of the company’s stock.

About Origin Agritech

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.