Concord Medical Services (NYSE:CCM) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Concord Medical Services Holdings Limited (NYSE:CCM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.05 and traded as high as $8.00. Concord Medical Services shares last traded at $8.00, with a volume of 1,390 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Concord Medical Services in a report on Wednesday. They issued a “sell” rating on the stock.

Concord Medical Services Trading Down 3.4 %

The stock has a 50 day moving average of $6.64 and a two-hundred day moving average of $7.05. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.15.

Concord Medical Services Company Profile

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.