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

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

Global Cord Blood Price Performance

Shares of Global Cord Blood stock opened at $2.99 on Friday. The stock has a market cap of $363.44 million, a price-to-earnings ratio of 1.95 and a beta of 0.16. The firm’s 50-day moving average is $1.52 and its two-hundred day moving average is $1.40. Global Cord Blood has a 1 year low of $2.03 and a 1 year high of $5.50.

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.