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

Stock analysts at StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED) in a report issued on Wednesday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Down 2.5 %

SEED stock opened at $3.13 on Wednesday. Origin Agritech has a one year low of $1.37 and a one year high of $6.38. The firm’s 50 day moving average price is $2.70 and its 200-day moving average price is $3.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC acquired a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% of Origin Agritech as of its most recent filing with the SEC. 1.70% of the stock is owned by hedge funds and other institutional investors.

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.