CRH Medical (TSE:CRH) Shares Pass Above Fifty Day Moving Average of $2.81

CRH Medical Corp (TSE:CRH)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.81 and traded as high as $3.10. CRH Medical shares last traded at $3.08, with a volume of 554,732 shares traded.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of CRH Medical from C$6.50 to C$4.75 and set an “outperform” rating for the company in a report on Friday, March 13th. Beacon Securities cut shares of CRH Medical from a “buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, National Bank Financial decreased their price objective on shares of CRH Medical from C$4.25 to C$4.00 and set an “outperform” rating for the company in a report on Monday, May 4th.

The company has a debt-to-equity ratio of 57.85, a current ratio of 2.83 and a quick ratio of 2.74. The stock’s fifty day moving average is C$2.82 and its 200-day moving average is C$3.83. The stock has a market capitalization of $213.26 million and a P/E ratio of 53.97.

CRH Medical (TSE:CRH) last released its quarterly earnings results on Tuesday, May 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$34.17 million for the quarter, compared to the consensus estimate of C$40.04 million. On average, research analysts expect that CRH Medical Corp will post 0.03 EPS for the current year.

About CRH Medical (TSE:CRH)

CRH Medical Corporation provides various products and services to gastroenterologists in the United States and Canada. It offers CRH O'Regan system, a single use, disposable, and hemorrhoid banding technology for treating various grades of hemorrhoid. The company also offers anesthesia services for patients undergoing endoscopic procedures.

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