Global Cord Blood (NYSE:CO) Stock Crosses Above 200-Day Moving Average – What’s Next?

Global Cord Blood Co. (NYSE:CO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.40 and traded as high as $1.50. Global Cord Blood shares last traded at $1.50, with a volume of 21,233 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Global Cord Blood in a report on Wednesday. They set a “strong-buy” rating on the stock.

Global Cord Blood Price Performance

The company has a market cap of $182.33 million, a PE ratio of 2.34 and a beta of 0.16. The company’s fifty day moving average is $1.31 and its 200-day moving average is $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.