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

Equities research analysts at StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

Shares of NASDAQ:SEED opened at $2.69 on Wednesday. Origin Agritech has a 52-week low of $1.37 and a 52-week high of $6.38. The business has a fifty day moving average of $2.79 and a two-hundred day moving average of $3.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd bought a new stake in Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 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.