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

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

Origin Agritech Price Performance

Shares of NASDAQ:SEED opened at $2.32 on Friday. Origin Agritech has a 1 year low of $1.37 and a 1 year high of $6.38. The company’s 50 day simple moving average is $2.68 and its 200 day simple moving average is $3.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd bought a new position in shares of Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 0.17% of Origin Agritech as of its most recent filing with the Securities & Exchange Commission. 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.