Origin Agritech (NASDAQ:SEED) Earns Hold Rating from Analysts at StockNews.com

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

Origin Agritech Price Performance

SEED stock opened at $1.85 on Wednesday. The firm has a 50-day simple moving average of $2.05 and a 200-day simple moving average of $2.40. Origin Agritech has a 52 week low of $1.64 and a 52 week high of $6.38.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd purchased a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 owned by hedge funds and other 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.