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

StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued on Sunday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Price Performance

Shares of NASDAQ SEED opened at $2.02 on Friday. The business’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $2.49. Origin Agritech has a twelve month low of $1.64 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. XTX Topco Ltd acquired a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 SEC filing. 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.