Origin Agritech (NASDAQ:SEED) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note released on Wednesday. The firm issued a hold rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

Shares of SEED stock opened at $2.57 on Wednesday. Origin Agritech has a 52-week low of $1.37 and a 52-week high of $6.38. The stock’s 50-day moving average price is $2.79 and its 200 day moving average price is $3.52.

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 stake in Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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 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.