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

StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a report published on Wednesday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

SEED stock opened at $2.70 on Wednesday. Origin Agritech has a fifty-two week low of $1.37 and a fifty-two week high of $6.38. The company’s 50 day moving average price is $2.78 and its 200 day moving average price is $3.47.

Institutional Investors 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) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.