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

StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED) in a report released on Monday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Trading Up 2.7 %

Shares of SEED opened at $2.70 on Monday. The business’s fifty day moving average is $2.80 and its 200 day moving average is $3.73. Origin Agritech has a 12-month low of $1.37 and a 12-month high of $6.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC bought a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.70% of the company’s stock.

Origin Agritech Company Profile

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.