Concord Medical Services (NYSE:CCM) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Concord Medical Services Holdings Limited (NYSE:CCMGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.63 and traded as high as $7.20. Concord Medical Services shares last traded at $6.45, with a volume of 28,600 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Concord Medical Services in a research note on Friday. They issued a “sell” rating for the company.

Check Out Our Latest Stock Report on Concord Medical Services

Concord Medical Services Price Performance

The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.47. The company’s 50 day moving average is $5.36 and its two-hundred day moving average is $6.63.

About Concord Medical Services

(Get Free Report)

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.

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