Origin Agritech (NASDAQ:SEED) Now Covered by StockNews.com

StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note released on Tuesday. The firm issued a hold rating on the biotechnology company’s stock.

Origin Agritech Trading Up 7.4 %

Origin Agritech stock opened at $2.46 on Tuesday. The business’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $3.59. Origin Agritech has a 12-month low of $1.37 and a 12-month high of $6.38.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new stake in Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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. Institutional investors and hedge funds own 1.70% of the company’s stock.

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.