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

StockNews.com began coverage on shares of Origin Agritech (NASDAQ:SEEDGet Free Report) in a note issued to investors on Tuesday. The firm set a “sell” rating on the biotechnology company’s stock.

Origin Agritech Stock Performance

SEED stock opened at $2.08 on Tuesday. The firm has a 50 day moving average of $1.91 and a 200-day moving average of $2.68. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $9.75.

Institutional Investors Weigh In On Origin Agritech

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its stake in Origin Agritech by 5,760.0% in the first quarter. UBS Group AG now owns 5,860 shares of the biotechnology company’s stock valued at $35,000 after purchasing an additional 5,760 shares in the last quarter. Bank of America Corp DE raised its stake in Origin Agritech by 26.3% in the first quarter. Bank of America Corp DE now owns 8,063 shares of the biotechnology company’s stock valued at $67,000 after purchasing an additional 1,681 shares in the last quarter. Virtu Financial LLC purchased a new stake in Origin Agritech in the fourth quarter valued at approximately $79,000. Citadel Advisors LLC purchased a new position in shares of Origin Agritech during the second quarter worth approximately $118,000. Finally, XTX Topco Ltd purchased a new position in shares of Origin Agritech during the first quarter worth approximately $177,000. 1.03% of the stock is owned by hedge funds and other institutional investors.

Origin Agritech Company Profile

(Get Free Report)

Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. Its products include corn, soyabean, canola, and rice seeds. The company is also involved in the development, production, and distribution of hybrid crop seeds, as well as develops hybrid seed technology.

Further Reading

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