Origin Agritech (NASDAQ:SEED) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEED) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the biotechnology company’s stock.

Origin Agritech Trading Up 3.2 %

Shares of SEED opened at $1.91 on Wednesday. The stock has a fifty day moving average price of $2.05 and a two-hundred day moving average price 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

A hedge fund recently bought a new stake in Origin Agritech stock. Two Sigma Securities LLC purchased a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,259 shares of the biotechnology company’s stock, valued at approximately $28,000. Two Sigma Securities LLC owned 0.21% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is currently 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.