StockNews.com Initiates Coverage on Concord Medical Services (NYSE:CCM)

Equities researchers at StockNews.com initiated coverage on shares of Concord Medical Services (NYSE:CCM) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Concord Medical Services Stock Up 1.2 %

CCM opened at $8.00 on Wednesday. The company’s 50 day moving average price is $6.64 and its two-hundred day moving average price is $7.05. Concord Medical Services has a fifty-two week low of $3.82 and a fifty-two week high of $26.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.46.

Concord Medical Services Company Profile

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.