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

Stock analysts at StockNews.com started coverage on shares of Origin Agritech (NASDAQ:SEED) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the biotechnology company’s stock.

Origin Agritech Price Performance

SEED stock opened at $1.82 on Tuesday. The firm has a 50-day moving average price of $2.33 and a 200-day moving average price of $2.78. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $6.38.

Institutional Trading of Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd purchased a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 0.17% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is currently 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.