StockNews.com began coverage on shares of Global Cord Blood (NYSE:CO - Free Report) in a report released on Sunday morning. The brokerage issued a strong-buy rating on the medical research company's stock.
Global Cord Blood Stock Performance
NYSE:CO remained flat at $1.26 during trading hours on Friday. The company's stock had a trading volume of 423 shares, compared to its average volume of 216,519. The company has a market capitalization of $153.15 million, a price-to-earnings ratio of 1.97 and a beta of 0.16. Global Cord Blood has a one year low of $2.03 and a one year high of $5.50. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.40.
About Global Cord Blood
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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.
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