Origin Agritech (NASDAQ:SEED) Rating Lowered to Hold at StockNews.com

Posted by Matthew Steigler on Aug 21st, 2024

StockNews.com lowered shares of Origin Agritech (NASDAQ:SEED – Free Report) from a buy rating to a hold rating in a report released on Saturday morning.

Origin Agritech Trading Down 4.3 %

SEED opened at $2.22 on Friday. Origin Agritech has a twelve month low of $1.37 and a twelve month high of $6.38. The firm’s fifty day moving average is $3.76 and its two-hundred day moving average is $3.73.

Institutional Investors Weigh In On 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 – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned approximately 0.66% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.70% of the company’s stock.

About Origin Agritech

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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.