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

StockNews.com initiated coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Friday. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Stock Down 5.2 %

Shares of SEED stock opened at $1.81 on Friday. Origin Agritech has a 12-month low of $1.64 and a 12-month high of $6.38. The business’s fifty day simple moving average is $2.06 and its 200-day simple moving average is $2.36.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Two Sigma Securities LLC purchased a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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 at the end of the most recent quarter. 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.