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

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

Origin Agritech Price Performance

Origin Agritech stock opened at $2.69 on Wednesday. The stock has a 50-day simple moving average of $2.79 and a 200-day simple moving average of $3.52. Origin Agritech has a fifty-two week low of $1.37 and a fifty-two week high of $6.38.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd acquired a new stake in Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 0.17% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is currently owned by institutional investors and hedge funds.

About Origin Agritech

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.