Origin Agritech (NASDAQ:SEED) Now Covered by Analysts at StockNews.com

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

Origin Agritech Price Performance

Shares of Origin Agritech stock opened at $2.63 on Monday. The firm has a 50 day simple moving average of $2.80 and a 200 day simple moving average of $3.62. Origin Agritech has a fifty-two week low of $1.37 and a fifty-two week high of $6.38.

Institutional Trading of Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC bought a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission. 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.