StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED – Free Report) in a research report sent to investors on Friday. The brokerage issued a sell rating on the biotechnology company’s stock.
Origin Agritech Trading Up 14.4 %
Shares of Origin Agritech stock opened at $2.55 on Friday. The company has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $3.88. Origin Agritech has a 12-month low of $1.63 and a 12-month high of $10.80.
Institutional Investors Weigh In On Origin Agritech
Hedge funds have recently made changes to their positions in the company. UBS Group AG grew its holdings in Origin Agritech by 5,760.0% during the 1st quarter. UBS Group AG now owns 5,860 shares of the biotechnology company’s stock worth $35,000 after acquiring an additional 5,760 shares during the last quarter. PFG Advisors bought a new stake in Origin Agritech during the 2nd quarter worth about $44,000. Bank of America Corp DE grew its holdings in Origin Agritech by 26.3% during the 1st quarter. Bank of America Corp DE now owns 8,063 shares of the biotechnology company’s stock worth $67,000 after acquiring an additional 1,681 shares during the last quarter. Virtu Financial LLC bought a new stake in Origin Agritech during the 4th quarter worth about $79,000. Finally, Citadel Advisors LLC bought a new stake in Origin Agritech during the 2nd quarter worth about $118,000. Institutional investors and hedge funds own 1.03% of the company’s stock.
Origin Agritech Company Profile
Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. Its products include corn, soyabean, canola, and rice seeds. The company is also involved in the development, production, and distribution of hybrid crop seeds, as well as develops hybrid seed technology.
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