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

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

Origin Agritech Stock Down 1.0 %

NASDAQ:SEED opened at $2.02 on Friday. The firm’s fifty day moving average is $2.11 and its 200-day moving average is $2.49. Origin Agritech has a 52 week low of $1.64 and a 52 week high of $6.38.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Two Sigma Securities LLC bought a new stake in Origin Agritech Limited (NASDAQ:SEED) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,259 shares of the biotechnology company’s stock, valued at approximately $28,000. Two Sigma Securities LLC owned approximately 0.21% of Origin Agritech as of its most recent SEC filing. 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.