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

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

Origin Agritech Stock Performance

SEED stock opened at $1.93 on Monday. The company has a 50 day moving average price of $2.39 and a 200 day moving average price of $2.88. Origin Agritech has a fifty-two week low of $1.37 and a fifty-two week high of $6.38.

Institutional Trading of Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd acquired a new stake in Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 0.17% of Origin Agritech at the end of the most recent reporting period. Institutional investors and hedge funds 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.