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

Equities researchers at StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a research report issued on Monday. The firm set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Trading Down 3.1 %

Shares of SEED opened at $2.49 on Monday. Origin Agritech has a one year low of $1.37 and a one year high of $6.38. The stock has a 50 day moving average price of $2.95 and a 200 day moving average price of $3.75.

Institutional Trading of Origin Agritech

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

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.