Concord Medical Services (NYSE:CCM) Shares Cross Above 200 Day Moving Average – Time to Sell?

Concord Medical Services Holdings Limited (NYSE:CCMGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.09 and traded as high as $7.95. Concord Medical Services shares last traded at $7.58, with a volume of 312 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Concord Medical Services in a research note on Thursday. They set a “sell” rating on the stock.

View Our Latest Stock Report on Concord Medical Services

Concord Medical Services Price 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 company’s 50 day simple moving average is $6.66 and its two-hundred day simple moving average is $7.09.

Concord Medical Services Company Profile

(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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