StockNews.com Initiates Coverage on Origin Agritech (NASDAQ:SEED)

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

Origin Agritech Stock Up 5.6 %

Shares of SEED opened at $3.18 on Thursday. Origin Agritech has a one year low of $1.37 and a one year high of $6.38. The stock has a 50-day moving average of $2.73 and a two-hundred day moving average of $3.72.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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.

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.