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

StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note released on Friday. The firm issued a hold rating on the biotechnology company’s stock.

Origin Agritech Stock Up 1.3 %

Shares of NASDAQ SEED opened at $2.36 on Friday. Origin Agritech has a twelve month low of $1.64 and a twelve month high of $6.38. The business has a fifty day simple moving average of $2.19 and a two-hundred day simple moving average of $2.55.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd purchased a new position in Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 0.17% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.