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

StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Saturday. The firm issued a hold rating on the biotechnology company’s stock.

Origin Agritech Price Performance

SEED opened at $2.64 on Friday. Origin Agritech has a 12-month low of $1.37 and a 12-month high of $6.38. The firm has a 50 day moving average of $2.81 and a two-hundred day moving average of $3.67.

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 stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. 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. 1.70% of the stock is currently owned by institutional investors.

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.