Concord Medical Services (NYSE:CCM) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Concord Medical Services Holdings Limited (NYSE:CCMGet Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.12 and traded as high as $7.95. Concord Medical Services shares last traded at $7.19, with a volume of 24,925 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on shares of Concord Medical Services in a research report on Monday, May 19th. They issued a “sell” rating on the stock.

Check Out Our Latest Research Report on Concord Medical Services

Concord Medical Services Stock Performance

The business’s 50-day moving average is $5.67 and its two-hundred day moving average is $5.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.46.

About Concord Medical Services

(Get Free Report)

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.

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