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

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

Origin Agritech Stock Performance

SEED stock opened at $2.97 on Friday. Origin Agritech has a 12-month low of $1.37 and a 12-month high of $6.38. The company’s fifty day simple moving average is $2.76 and its 200 day simple moving average is $3.69.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in Origin Agritech Limited (NASDAQ:SEED) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned approximately 0.66% of Origin Agritech at the end of the most recent quarter. Institutional investors and hedge funds 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.