Concord Medical Services (NYSE:CCM) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Concord Medical Services Holdings Limited (NYSE:CCMGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.09 and traded as high as $7.95. Concord Medical Services shares last traded at $7.58, with a volume of 312 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Concord Medical Services in a research report on Thursday. They set a “sell” rating on the stock.

View Our Latest Stock Analysis on CCM

Concord Medical Services Price Performance

The business has a 50 day moving average of $6.67 and a two-hundred day moving average of $7.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.47.

About Concord Medical Services

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Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. It operates in two segments, Network and Hospital. The company's services include linear accelerators and external beam radiotherapy, proton therapy system, gamma knife radiosurgery, and diagnostic imaging services.

Further Reading

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