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

StockNews.com began 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 NYSE:CO opened at $1.25 on Friday. Global Cord Blood has a one year low of $2.03 and a one year high of $5.50. The company has a market capitalization of $151.94 million, a PE ratio of 1.95 and a beta of 0.16. The stock has a fifty day moving average of $1.52 and a 200-day moving average of $1.40.

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.