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

Equities researchers at StockNews.com assumed 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 Global Cord Blood stock opened at $1.75 on Friday. Global Cord Blood has a 1 year low of $2.03 and a 1 year high of $5.50. The company has a market cap of $212.71 million, a P/E ratio of 2.73 and a beta of 0.16. The stock has a 50-day moving average price of $1.52 and a 200 day moving average price of $1.35.

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.