Origin Agritech (NASDAQ:SEED) Coverage Initiated at StockNews.com

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

Origin Agritech Stock Performance

SEED opened at $2.16 on Friday. The stock’s 50 day moving average price is $2.51 and its 200 day moving average price is $3.04. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $6.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned 0.66% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.70% of the company’s stock.

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.