Origin Agritech (NASDAQ:SEED) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a report issued on Monday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Down 1.9 %

Shares of Origin Agritech stock opened at $2.64 on Monday. Origin Agritech has a one year low of $1.37 and a one year high of $6.38. The business’s 50 day simple moving average is $2.87 and its two-hundred day simple moving average is $3.75.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 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.