Somewhat Positive News Coverage Somewhat Unlikely to Affect Concord Medical Services (CCM) Stock Price
News stories about Concord Medical Services (NYSE:CCM) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Concord Medical Services earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.4162370259195 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Concord Medical Services from a “sell” rating to a “hold” rating in a report on Monday, May 28th. ValuEngine upgraded shares of Concord Medical Services from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.
Shares of Concord Medical Services stock remained flat at $$3.46 during trading on Friday. 100 shares of the stock were exchanged, compared to its average volume of 6,995. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $162.62 million, a price-to-earnings ratio of -3.39 and a beta of 0.63. Concord Medical Services has a one year low of $2.46 and a one year high of $4.29.
Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. The company's services comprise linear accelerators external beam radiotherapy, gamma knife radiosurgery, head gamma knife systems, body gamma knife systems, CyberKnife robotic radiosurgery system, proton beam therapy systems, and diagnostic imaging services.
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