Analysts at StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED – Get Free Report) in a report issued on Monday. The brokerage set a “hold” rating on the biotechnology company’s stock.
Origin Agritech Price Performance
Shares of NASDAQ SEED opened at $2.63 on Monday. The company’s fifty day moving average is $2.80 and its 200-day moving average is $3.62. Origin Agritech has a twelve month low of $1.37 and a twelve month 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 – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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. Hedge funds and other institutional investors own 1.70% of the company’s stock.
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.
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