Concord Medical Services (NYSE:CCM) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Concord Medical Services (NYSE:CCM) in a report issued on Sunday. The brokerage issued a sell rating on the stock.

Concord Medical Services Stock Down 8.2 %

NYSE:CCM opened at $4.41 on Friday. The business has a fifty day simple moving average of $4.79 and a two-hundred day simple moving average of $5.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.46. Concord Medical Services has a 1 year low of $3.82 and a 1 year high of $26.70.

About Concord Medical Services

Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. It operates in two segments, Network and Hospital. The company's services include linear accelerators and external beam radiotherapy, proton therapy system, gamma knife radiosurgery, and diagnostic imaging services.