Origin Agritech (NASDAQ:SEED) Now Covered by Analysts at StockNews.com

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

Origin Agritech Stock Performance

SEED opened at $2.57 on Wednesday. The stock’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $3.52. Origin Agritech has a 1-year low of $1.37 and a 1-year 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 purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% 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.

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.