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

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

Origin Agritech Trading Up 0.9 %

SEED opened at $2.13 on Friday. The firm has a 50-day moving average price of $2.59 and a 200-day moving average price of $3.15. 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. XTX Topco Ltd purchased a new stake in Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 0.17% of Origin Agritech as of its most recent filing with the Securities & Exchange Commission. 1.70% of the stock is 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.