StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED – Free Report) in a research report sent to investors on Saturday. The firm issued a hold rating on the biotechnology company’s stock.
Origin Agritech Trading Down 1.9 %
SEED opened at $2.11 on Friday. Origin Agritech has a 1-year low of $1.64 and a 1-year high of $6.38. The company has a 50 day simple moving average of $2.16 and a two-hundred day simple moving average of $2.51.
Hedge Funds Weigh In On Origin Agritech
An institutional investor recently bought a new position in Origin Agritech stock. Two Sigma Securities LLC bought a new position in Origin Agritech Limited (NASDAQ:SEED – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,259 shares of the biotechnology company’s stock, valued at approximately $28,000. Two Sigma Securities LLC owned approximately 0.21% of Origin Agritech as of its most recent filing with the Securities & Exchange Commission. 1.70% of the stock is currently owned by hedge funds and other 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.
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