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

StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a report published on Tuesday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Price Performance

Shares of SEED stock opened at $3.06 on Tuesday. The firm has a 50-day moving average price of $2.74 and a 200 day moving average price of $3.74. Origin Agritech has a twelve month low of $1.37 and a twelve month high of $6.38.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned approximately 0.66% of Origin Agritech at the end of the most recent quarter. Institutional investors own 1.70% of the company’s stock.

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.