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

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

Global Cord Blood Price Performance

Shares of CO stock opened at $1.15 on Thursday. Global Cord Blood has a 12 month low of $2.03 and a 12 month high of $5.50. The firm has a market cap of $139.78 million, a price-to-earnings ratio of 1.80 and a beta of 0.16. The stock has a 50-day moving average price of $1.02 and a 200 day moving average price of $1.30.

About Global Cord Blood

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.