StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED – Free Report) in a research note published on Sunday. The brokerage issued a sell rating on the biotechnology company’s stock.
Origin Agritech Stock Down 4.0 %
Shares of Origin Agritech stock opened at $1.56 on Friday. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $9.75. The stock’s fifty day simple moving average is $2.02 and its 200 day simple moving average is $2.84.
Institutional Trading of Origin Agritech
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Origin Agritech by 2.8% in the 3rd quarter. BlackRock Inc. now owns 254,882 shares of the biotechnology company’s stock valued at $2,207,000 after acquiring an additional 7,003 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Origin Agritech in the 1st quarter valued at about $177,000. Citadel Advisors LLC bought a new position in shares of Origin Agritech in the 2nd quarter valued at about $118,000. Virtu Financial LLC bought a new position in shares of Origin Agritech in the 1st quarter valued at about $115,000. Finally, PFG Advisors bought a new position in shares of Origin Agritech in the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 1.03% of the company’s stock.
About Origin Agritech
Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. Its products include corn, soyabean, canola, and rice seeds. The company is also involved in the development, production, and distribution of hybrid crop seeds, as well as develops hybrid seed technology.
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