Global Cord Blood (NYSE:CO) Shares Down 0.1% – Here’s Why

Global Cord Blood Co. (NYSE:CO – Get Free Report)’s share price dropped 0.1% during trading on Tuesday. The company traded as low as $0.95 and last traded at $0.95. 20,000 shares changed hands during trading, a decline of 91% from the average daily volume of 216,519 shares. The stock had previously closed at $0.9510.

Global Cord Blood Price Performance

The stock has a market cap of $115.47 million, a PE ratio of 1.48 and a beta of 0.16. The firm has a 50-day moving average of $0.95 and a 200-day moving average of $0.96.

About Global Cord Blood

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Global Cord Blood Corporation, formerly known as China Cord Blood Corporation, was a China-based provider of umbilical cord blood banking services. The company collected, tested, processed and cryopreserved cord blood stem cells for families seeking long-term storage and for patients requiring stem-cell transplants.

Through its operating subsidiaries and affiliated cord blood banks, the company served customers in several major Chinese markets, including Beijing, Guangdong and Zhejiang.

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