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

StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a research report issued on Wednesday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Down 2.4 %

SEED opened at $1.85 on Wednesday. Origin Agritech has a fifty-two week low of $1.64 and a fifty-two week high of $6.38. The company has a fifty day moving average of $2.05 and a two-hundred day moving average of $2.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Two Sigma Securities LLC bought a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 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.