Equities researchers at StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the biotechnology company’s stock.
Origin Agritech Stock Up 4.8 %
Shares of SEED stock opened at $2.08 on Tuesday. Origin Agritech has a 52-week low of $1.37 and a 52-week high of $9.75. The firm’s 50 day moving average price is $1.91 and its two-hundred day moving average price is $2.68.
Hedge Funds Weigh In On Origin Agritech
A number of hedge funds and other institutional investors have recently bought and sold shares of SEED. UBS Group AG raised its holdings in Origin Agritech by 5,760.0% in the first quarter. UBS Group AG now owns 5,860 shares of the biotechnology company’s stock worth $35,000 after purchasing an additional 5,760 shares during the period. Bank of America Corp DE raised its holdings in Origin Agritech by 26.3% in the first quarter. Bank of America Corp DE now owns 8,063 shares of the biotechnology company’s stock worth $67,000 after purchasing an additional 1,681 shares during the period. Virtu Financial LLC acquired a new stake in Origin Agritech in the fourth quarter worth $79,000. Citadel Advisors LLC acquired a new stake in Origin Agritech in the second quarter worth $118,000. Finally, XTX Topco Ltd acquired a new stake in Origin Agritech in the first quarter worth $177,000. 1.03% of the stock is owned by institutional investors.
Origin Agritech Company Profile
Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. Its products include corn, soyabean, canola, and rice seeds. The company is also involved in the development, production, and distribution of hybrid crop seeds, as well as develops hybrid seed technology.
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