Origin Agritech (NASDAQ:SEED) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Origin Agritech (NASDAQ:SEED) from a buy rating to a hold rating in a research note released on Thursday morning.

Origin Agritech Stock Down 2.4 %

Shares of SEED traded down $0.06 during midday trading on Thursday, reaching $2.65. 33,572 shares of the stock were exchanged, compared to its average volume of 159,255. Origin Agritech has a 12-month low of $1.37 and a 12-month high of $6.38. The firm has a 50 day simple moving average of $4.22 and a 200-day simple moving average of $3.66.

Institutional Inflows and Outflows

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) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC. 1.70% of the stock is currently 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.