StockNews.com began coverage on shares of Global Cord Blood (NYSE:CO - Free Report) in a research note issued to investors on Wednesday. The firm issued a strong-buy rating on the medical research company's stock.
Global Cord Blood Stock Performance
Shares of Global Cord Blood stock remained flat at $1.50 on Wednesday. The stock had a trading volume of 2,131 shares, compared to its average volume of 216,519. The stock has a market capitalization of $182.33 million, a price-to-earnings ratio of 2.34 and a beta of 0.16. 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 fifty day moving average price of $1.31 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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