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

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

Origin Agritech Trading Up 0.6 %

Shares of NASDAQ:SEED opened at $3.15 on Wednesday. The business’s fifty day moving average price is $2.71 and its two-hundred day moving average price is $3.74. Origin Agritech has a one year low of $1.37 and a one year high of $6.38.

Institutional Trading of 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) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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. 1.70% of the stock is owned by hedge funds and other institutional investors.

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.