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 on Saturday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Up 0.9 %

Shares of NASDAQ SEED opened at $2.13 on Friday. The firm’s 50-day moving average is $2.59 and its 200-day moving average is $3.14. Origin Agritech has a 1 year low of $1.37 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. Legacy Advisors LLC acquired a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is currently owned by institutional investors.

Origin Agritech Company Profile

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.