StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED – Free Report) in a report published on Monday morning. The firm issued a hold rating on the biotechnology company’s stock.
Origin Agritech Stock Down 6.1 %
NASDAQ SEED opened at $2.30 on Monday. Origin Agritech has a 1-year low of $1.37 and a 1-year high of $6.38. The company has a 50 day moving average of $2.80 and a 200-day moving average of $3.60.
Hedge Funds Weigh In On Origin Agritech
An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in Origin Agritech Limited (NASDAQ:SEED – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech as of its most recent SEC filing. 1.70% of the stock is 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.
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