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

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

Global Cord Blood Stock Up 25.0 %

Shares of Global Cord Blood stock opened at $1.50 on Monday. The firm has a market capitalization of $182.33 million, a P/E ratio of 2.34 and a beta of 0.16. Global Cord Blood has a 52 week low of $2.03 and a 52 week high of $5.50. The company has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.38.

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.