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

Stock analysts at StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Friday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Down 5.2 %

Shares of NASDAQ SEED opened at $1.81 on Friday. The stock has a fifty day moving average price of $2.06 and a 200 day moving average price of $2.36. Origin Agritech has a 1-year low of $1.64 and a 1-year high of $6.38.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd acquired a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 0.17% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is owned by hedge funds and other 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.