Global Cord Blood (NYSE:CO) Research Coverage Started at StockNews.com

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

Global Cord Blood Price Performance

Shares of CO opened at $2.99 on Thursday. The stock has a market capitalization of $363.44 million, a price-to-earnings ratio of 4.67 and a beta of 0.16. Global Cord Blood has a 1 year low of $2.03 and a 1 year high of $5.50. The business’s 50 day simple moving average is $1.20 and its 200-day simple moving average is $1.34.

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.