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

StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a research report released on Monday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Stock Down 0.4 %

SEED opened at $2.63 on Monday. Origin Agritech has a 52-week low of $1.37 and a 52-week high of $6.38. The firm’s fifty day simple moving average is $2.83 and its two-hundred day simple moving average is $3.74.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 own 1.70% of the company’s stock.

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.