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

StockNews.com began coverage on shares of Global Cord Blood (NYSE:CO) in a report released on Friday morning. 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 opened at $1.75 on Friday. Global Cord Blood has a 52-week low of $2.03 and a 52-week high of $5.50. The stock has a market cap of $212.71 million, a PE ratio of 2.73 and a beta of 0.16. The firm has a 50-day moving average of $1.53 and a 200-day moving average of $1.35.

Global Cord Blood Company Profile

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.