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

StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a report released on Monday morning. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Stock Up 4.6 %

Shares of SEED stock opened at $1.95 on Monday. The firm’s 50-day simple moving average is $2.08 and its two-hundred day simple moving average is $2.46. Origin Agritech has a 52 week low of $1.64 and a 52 week high of $6.38.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Two Sigma Securities LLC bought a new position in Origin Agritech Limited (NASDAQ:SEED) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,259 shares of the biotechnology company’s stock, valued at approximately $28,000. Two Sigma Securities LLC owned approximately 0.21% of Origin Agritech as of its most recent SEC filing. 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.