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

Equities researchers at StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a report issued on Monday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

Shares of NASDAQ:SEED opened at $2.03 on Monday. The firm has a fifty day moving average price of $2.42 and a 200 day moving average price of $2.90. Origin Agritech has a fifty-two week low of $1.37 and a fifty-two week high of $6.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd bought a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 0.17% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is currently owned by hedge funds and other institutional investors.

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.