Global Cord Blood (NYSE:CO) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Global Cord Blood (NYSE:CO) in a report released on Saturday. The firm set a “strong-buy” rating on the medical research company’s stock.

Global Cord Blood Trading Up 34.7 %

Shares of Global Cord Blood stock opened at $2.99 on Friday. The business’s fifty day simple moving average is $1.56 and its 200 day simple moving average is $1.36. Global Cord Blood has a 12 month low of $2.03 and a 12 month high of $5.50. The firm has a market capitalization of $363.44 million, a P/E ratio of 2.73 and a beta of 0.16.

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.