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

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

Origin Agritech Stock Down 1.6 %

NASDAQ:SEED opened at $1.86 on Tuesday. Origin Agritech has a fifty-two week low of $1.64 and a fifty-two week high of $6.38. The company has a 50 day moving average price of $2.06 and a 200 day moving average price of $2.44.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd acquired a new stake in Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 0.17% of Origin Agritech at the end of the most recent quarter. Hedge funds and other institutional investors own 1.70% of the company’s stock.

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.