StockNews.com initiated coverage on shares of Global Cord Blood (NYSE:CO - Free Report) in a research note released on Wednesday morning. The brokerage issued a strong-buy rating on the medical research company's stock.
Global Cord Blood Price Performance
Global Cord Blood stock remained flat at $1.30 during trading hours on Wednesday. The firm has a market cap of $158.02 million, a P/E ratio of 1.95 and a beta of 0.16. Global Cord Blood has a 1 year low of $2.03 and a 1 year high of $5.50. The firm has a fifty day moving average of $1.59 and a 200-day moving average of $1.40.
Global Cord Blood Company Profile
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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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