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

Investment analysts at StockNews.com assumed coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Price Performance

Origin Agritech stock opened at $2.52 on Thursday. Origin Agritech has a 52 week low of $1.37 and a 52 week high of $6.38. The stock has a fifty day moving average of $2.75 and a 200-day moving average of $3.37.

Institutional Inflows and Outflows

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

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.