Origin Agritech (NASDAQ:SEED) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Price Performance

NASDAQ:SEED opened at $2.23 on Friday. Origin Agritech has a one year low of $1.37 and a one year high of $6.38. The company’s 50-day simple moving average is $2.59 and its 200 day simple moving average is $3.14.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 reporting period. 1.70% of the stock is owned by institutional investors.

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.