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China Cord Blood Slumps: CO Falls 19.8% in Session
July 09, 2014

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China Cord Blood Corporation saw a big move last session, as the company’s shares fell by nearly 20% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CO, as the stock is now down over 22% since Jun 25, 2014.
This slump shouldn’t be too much of a surprise to investors, as the medical company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
CO currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same industry include AmSurg Corp. , with a Zacks Rank#1 (Strong Buy), Amedisys Inc. (AMED - Free Report) and RadNet, Inc. (RDNT - Free Report) , with a Zacks Rank #2 (Buy).
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