Global Cord Blood (NYSE:CO) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Global Cord Blood (NYSE:CO) in a report released on Friday morning. The firm issued a strong-buy rating on the medical research company’s stock.

Global Cord Blood Stock Performance

Shares of CO stock opened at $1.26 on Friday. Global Cord Blood has a 52 week low of $2.03 and a 52 week high of $5.50. The company has a market capitalization of $153.15 million, a price-to-earnings ratio of 1.95 and a beta of 0.16. The company has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.40.

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.