StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED – Free Report) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the biotechnology company’s stock.
Origin Agritech Trading Up 2.5 %
Origin Agritech stock opened at $2.47 on Friday. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $6.38. The business’s 50 day simple moving average is $3.09 and its 200 day simple moving average is $3.76.
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 – Free Report) during the 2nd 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. Institutional investors 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.
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