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

Analysts at StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Price Performance

Shares of NASDAQ:SEED opened at $2.66 on Friday. Origin Agritech has a 1 year low of $1.37 and a 1 year high of $6.38. The business’s 50 day simple moving average is $2.81 and its 200 day simple moving average is $3.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC acquired a new position in Origin Agritech Limited (NASDAQ:SEED) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned approximately 0.66% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is currently owned by institutional investors.

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.