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

Stock analysts at StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a report issued on Saturday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

Shares of Origin Agritech stock opened at $1.44 on Friday. The business has a 50-day moving average of $1.96 and a 200 day moving average of $2.30. Origin Agritech has a 12 month low of $1.43 and a 12 month 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 quarter. Institutional investors own 1.70% of the company’s stock.

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.