Global Cord Blood (NYSE:CO) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Global Cord Blood Co. (NYSE:CO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.03 and traded as high as $1.50. Global Cord Blood shares last traded at $1.50, with a volume of 9,896 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Global Cord Blood in a research report on Saturday, May 17th. They set a “strong-buy” rating for the company.

Global Cord Blood Trading Up 27.1%

The firm has a market cap of $182.33 million, a price-to-earnings ratio of 2.34 and a beta of 0.16. The firm has a 50-day moving average of $1.04 and a two-hundred day moving average of $1.03.

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.