CRH Medical Corp (TSE:CRH)’s share price fell 4.5% on Monday . The company traded as low as C$2.91 and last traded at C$2.95. 343,621 shares traded hands during trading, a decline of 28% from the average session volume of 477,372 shares. The stock had previously closed at C$3.09.

A number of brokerages have weighed in on CRH. Beacon Securities lowered shares of CRH Medical Corp from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. National Bank Financial cut their target price on shares of CRH Medical Corp from C$7.00 to C$5.25 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Royal Bank Of Canada cut their target price on shares of CRH Medical Corp from C$6.00 to C$5.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Scotiabank cut their target price on shares of CRH Medical Corp from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Finally, TD Securities increased their target price on shares of CRH Medical Corp from C$5.50 to C$10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$6.75.

The stock has a market capitalization of $218.60 million and a P/E ratio of 30.10. The company’s 50-day moving average price is $3.59 and its 200-day moving average price is $7.67.

In related news, Director David Johnson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of C$5.67, for a total value of C$170,100.00.

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About CRH Medical Corp

CRH Medical Corporation provides products and services to physicians for the treatment of gastrointestinal diseases in the United States. It offers anesthesia services for patients undergoing endoscopic procedures; and CRH O’Regan System, a single use, disposable, and hemorrhoid banding technology for treating hemorrhoid grades I–IV.

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