Origin Agritech (NASDAQ:SEED) Coverage Initiated by Analysts at StockNews.com

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

Origin Agritech Price Performance

NASDAQ:SEED opened at $2.66 on Friday. The business’s 50-day simple moving average is $2.81 and its two-hundred day simple moving average is $3.66. Origin Agritech has a 52 week low of $1.37 and a 52 week high of $6.38.

Institutional Trading of Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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. 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.