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

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

Concord Medical Services Stock Down 3.4 %

NYSE:CCM opened at $7.73 on Wednesday. Concord Medical Services has a 52 week low of $3.82 and a 52 week high of $26.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.47. The stock’s 50-day moving average price is $6.64 and its 200-day moving average price is $7.06.

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.