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

Investment analysts at StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Sunday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

Shares of SEED stock opened at $2.57 on Friday. The business has a 50-day moving average of $2.82 and a 200 day moving average of $3.64. Origin Agritech has a 1-year low of $1.37 and a 1-year high of $6.38.

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% of Origin Agritech at the end of the most recent quarter. 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.