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Global Cord Blood (NYSE:CO) Stock Passes Above 200-Day Moving Average - Here's What Happened

Global Cord Blood logo with Medical background

Global Cord Blood Co. (NYSE:CO - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.03 and traded as high as $1.26. Global Cord Blood shares last traded at $1.19, with a volume of 42,087 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on Global Cord Blood in a research note on Saturday, May 17th. They issued a "strong-buy" rating for the company.

Get Our Latest Analysis on Global Cord Blood

Global Cord Blood Stock Performance

The company has a market capitalization of $144.04 million, a PE ratio of 1.85 and a beta of 0.16. The stock has a fifty day moving average of $0.98 and a 200 day moving average of $1.03.

About Global Cord Blood

(Get Free Report)

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.

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