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

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

Origin Agritech Price Performance

Shares of SEED stock opened at $1.82 on Tuesday. The stock has a 50-day moving average of $2.33 and a 200-day moving average of $2.78. Origin Agritech has a 1-year low of $1.37 and a 1-year high of $6.38.

Institutional Investors Weigh In On Origin Agritech

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