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

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

Global Cord Blood Stock Performance

Global Cord Blood stock opened at $1.01 on Tuesday. The company has a market capitalization of $122.77 million, a PE ratio of 1.58 and a beta of 0.16. The stock has a 50-day moving average price of $1.31 and a two-hundred day moving average price of $1.40. Global Cord Blood has a 12 month low of $2.03 and a 12 month high of $5.50.

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.