StockNews.com initiated coverage on shares of Global Cord Blood (NYSE:CO - Free Report) in a research report sent to investors on Tuesday. The firm issued a strong-buy rating on the medical research company's stock.
Global Cord Blood Stock Performance
Shares of NYSE CO remained flat at $0.65 during midday trading on Tuesday. The stock has a market cap of $79.01 million, a price-to-earnings ratio of 1.02 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 business has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $1.16.
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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