Origin Agritech (NASDAQ:SEED) Now Covered by StockNews.com

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

Origin Agritech Trading Up 0.9 %

NASDAQ:SEED opened at $2.13 on Friday. Origin Agritech has a 52 week low of $1.37 and a 52 week high of $6.38. The firm has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $3.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.