Trading Report: Today: RBC Capital Markets lowers the Stock rating of CRH Medical Corp (CRHM)

Today: RBC Capital Markets lowers the Stock rating of CRH Medical Corp (CRHM)

CRH Medical Corp (NASDAQ:CRHM) was downgraded by equities researchers at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued on Monday, The Fly reports.

A number of other research firms have also weighed in on CRHM. Canaccord Genuity set a $6.00 price objective on shares of CRH Medical Corp and gave the stock a “buy” rating in a research note on Thursday, October 27th. Zacks Investment Research lowered shares of CRH Medical Corp from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Finally, CIBC reiterated an “outperform” rating on shares of CRH Medical Corp in a research note on Tuesday, September 13th.

Shares of CRH Medical Corp (NASDAQ:CRHM) opened at 6.20 on Monday. CRH Medical Corp has a 12-month low of $2.15 and a 12-month high of $6.30. The stock has a 50 day moving average of $4.98 and a 200-day moving average of $3.98.

A number of hedge funds have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC purchased a new stake in shares of CRH Medical Corp during the second quarter worth about $1,985,000. Morgan Stanley increased its stake in shares of CRH Medical Corp by 335.9% in the third quarter. Morgan Stanley now owns 157,800 shares of the company’s stock worth $601,000 after buying an additional 121,600 shares during the period. Palladium Partners LLC increased its stake in shares of CRH Medical Corp by 109.5% in the third quarter. Palladium Partners LLC now owns 221,900 shares of the company’s stock worth $845,000 after buying an additional 116,000 shares during the period. CIBC World Markets Inc. increased its stake in shares of CRH Medical Corp by 31.4% in the third quarter. CIBC World Markets Inc. now owns 476,053 shares of the company’s stock worth $1,814,000 after buying an additional 113,863 shares during the period. Finally, Nwam LLC purchased a new stake in shares of CRH Medical Corp during the third quarter worth about $2,090,000.

About CRH Medical Corp

CRH Medical Corporation, formerly Medsurge Medical Products Corp., is a healthcare products and services company. The Company operates through segments, including the sale of medical products and the provision of anesthesia services. The Company specializes in the treatment of hemorrhoids utilizing its treatment protocol and technology.

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