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

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

Origin Agritech Stock Performance

Shares of NASDAQ:SEED opened at $1.90 on Wednesday. Origin Agritech has a 12 month low of $1.64 and a 12 month high of $6.38. The company’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $2.41.

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd acquired a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 currently 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.