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

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

Origin Agritech Stock Performance

Origin Agritech stock opened at $1.78 on Wednesday. Origin Agritech has a fifty-two week low of $1.52 and a fifty-two week high of $6.38. The firm’s fifty day moving average price is $2.25 and its 200-day moving average price is $2.67.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd bought a new position in Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 0.17% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is currently 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.