Global Cord Blood (NYSE:CO) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Global Cord Blood (NYSE:CO) in a research note released on Wednesday. The brokerage issued a strong-buy rating on the medical research company’s stock.

Global Cord Blood Stock Performance

NYSE:CO opened at $1.50 on Wednesday. Global Cord Blood has a 52 week low of $2.03 and a 52 week high of $5.50. The firm has a 50-day moving average price of $1.31 and a two-hundred day moving average price of $1.40. The firm has a market cap of $182.33 million, a price-to-earnings ratio of 2.34 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.