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

Stock analysts at StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Price Performance

NASDAQ SEED opened at $2.29 on Tuesday. The stock’s fifty day moving average is $2.79 and its two-hundred day moving average is $3.59. Origin Agritech has a fifty-two week low of $1.37 and a fifty-two week high of $6.38.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new stake in Origin Agritech stock. XTX Topco Ltd purchased 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 and Exchange Commission. The firm purchased 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. 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.