CRH Medical Corp (NYSEARCA:CRHM) Rating Lowered to C+ at TheStreet
CRH Medical Corp (NYSEARCA:CRHM) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday.
A number of other equities research analysts have also issued reports on CRHM. Zacks Investment Research lowered shares of CRH Medical Corp from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Scotiabank lowered shares of CRH Medical Corp from an “outperform” rating to a “sector perform” rating in a report on Friday, July 14th. CIBC lowered shares of CRH Medical Corp from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 17th. Canaccord Genuity reaffirmed a “buy” rating and set a $8.00 price objective on shares of CRH Medical Corp in a report on Monday, July 17th. Finally, TD Securities lowered shares of CRH Medical Corp from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $8.13.
CRH Medical Corp (NYSEARCA:CRHM) opened at 2.60 on Friday. CRH Medical Corp has a 52 week low of $2.50 and a 52 week high of $9.25. The company’s 50-day moving average is $4.77 and its 200 day moving average is $6.37.
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Large investors have recently made changes to their positions in the stock. Barometer Capital Management Inc. bought a new stake in shares of CRH Medical Corp during the first quarter worth about $6,083,000. Navellier & Associates Inc acquired a new position in CRH Medical Corp during the first quarter worth $198,000. Acadian Asset Management LLC acquired a new position in CRH Medical Corp during the first quarter worth $150,000. ARP Americas LLC raised its position in CRH Medical Corp by 7.4% in the first quarter. ARP Americas LLC now owns 13,042 shares of the company’s stock worth $107,000 after buying an additional 900 shares during the period. Finally, Pembroke Management LTD raised its position in CRH Medical Corp by 12.1% in the first quarter. Pembroke Management LTD now owns 1,110,600 shares of the company’s stock worth $12,072,000 after buying an additional 119,800 shares during the period.
About CRH Medical Corp
CRH Medical Corporation is a Canada-based healthcare products and services company. The Company focused on providing physicians with services and products for the treatment of gastrointestinal diseases. The Company also provides anesthesiology services to gastroenterologists in the United States through its subsidiaries.
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