StockNews.com Initiates Coverage on Global Cord Blood (NYSE:CO)

Research analysts at StockNews.com initiated coverage on shares of Global Cord Blood (NYSE:CO) in a report released on Sunday. The firm set a “strong-buy” rating on the medical research company’s stock.

Global Cord Blood Price Performance

CO stock opened at $1.01 on Friday. The company has a 50 day moving average price of $1.14 and a 200 day moving average price of $1.38. Global Cord Blood has a fifty-two week low of $2.03 and a fifty-two week high of $5.50. The stock has a market capitalization of $122.77 million, a PE ratio of 1.58 and a beta of 0.16.

About Global Cord Blood

Global Cord Blood operates as a holding company, which engages in the provision of cord blood banking services. It provides cord blood processing and storage service. The company also offers cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services. The firm preserves cord blood units donated by the public and provides matching services on such donated units and deliver matching units to patients in need of transplants.