Concord Medical Services (NYSE:CCM) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Concord Medical Services Holdings Limited (NYSE:CCMGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.63 and traded as high as $7.20. Concord Medical Services shares last traded at $6.45, with a volume of 28,600 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Concord Medical Services in a research report on Friday. They set a “sell” rating on the stock.

View Our Latest Analysis on Concord Medical Services

Concord Medical Services Stock Performance

The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average is $5.30 and its 200 day moving average is $6.62.

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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