StockNews.com Initiates Coverage on Global Cord Blood (NYSE:CO)

Stock analysts at StockNews.com assumed coverage on shares of Global Cord Blood (NYSE:CO) in a research note issued to investors on Friday. The brokerage set a “strong-buy” rating on the medical research company’s stock.

Global Cord Blood Stock Performance

Shares of CO stock opened at $1.00 on Friday. Global Cord Blood has a fifty-two week low of $2.03 and a fifty-two week high of $5.50. The stock’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $1.39. The company has a market cap of $121.55 million, a PE ratio of 1.56 and a beta of 0.16.

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.