Origin Agritech (NASDAQ:SEED) Now Covered by Analysts at StockNews.com

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

Origin Agritech Trading Up 2.1 %

Shares of SEED stock opened at $2.46 on Tuesday. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $6.38. The stock has a 50-day moving average price of $2.79 and a 200 day moving average price of $3.57.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in Origin Agritech Limited (NASDAQ:SEED) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is owned by institutional investors.

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.