StockNews.com Initiates Coverage on Concord Medical Services (NYSE:CCM)

Stock analysts at StockNews.com initiated coverage on shares of Concord Medical Services (NYSE:CCM) in a note issued to investors on Sunday. The firm set a “sell” rating on the stock.

Concord Medical Services Stock Performance

Shares of CCM opened at $4.73 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.47. Concord Medical Services has a 12 month low of $3.82 and a 12 month high of $26.70. The firm has a fifty day simple moving average of $4.86 and a 200 day simple moving average of $6.32.

About Concord Medical Services

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.