StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED – Free Report) in a report issued on Saturday. The brokerage issued a hold rating on the biotechnology company’s stock.
Origin Agritech Price Performance
NASDAQ SEED opened at $1.49 on Friday. Origin Agritech has a 1-year low of $1.43 and a 1-year high of $6.38. The stock has a 50-day moving average of $1.95 and a 200-day moving average of $2.28.
Hedge Funds Weigh In On Origin Agritech
A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd purchased a new stake in shares of Origin Agritech Limited (NASDAQ:SEED – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 0.17% of Origin Agritech at the end of the most recent reporting period. Institutional investors own 1.70% of the company’s stock.
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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