Origin Agritech (NASDAQ:SEED) Earns Hold Rating from Analysts at StockNews.com

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

Origin Agritech Price Performance

SEED stock opened at $2.57 on Friday. The firm has a 50 day simple moving average of $2.82 and a two-hundred day simple moving average of $3.64. Origin Agritech has a one year low of $1.37 and a one 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 acquired a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is owned by hedge funds and other institutional investors.

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.