CRH Medical (NYSEAMERICAN:CRHM) Rating Increased to Buy at Bloom Burton

CRH Medical (NYSEAMERICAN:CRHM) was upgraded by research analysts at Bloom Burton from an “accumulate” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

Separately, Zacks Investment Research downgraded CRH Medical from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $3.25.

Shares of CRHM stock traded down $0.07 on Thursday, reaching $2.93. The company’s stock had a trading volume of 28,051 shares, compared to its average volume of 67,183. CRH Medical has a 12-month low of $2.51 and a 12-month high of $4.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC increased its stake in CRH Medical by 12.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 2,076,648 shares of the company’s stock valued at $5,524,000 after acquiring an additional 237,175 shares during the last quarter. Two Sigma Advisers LP increased its stake in CRH Medical by 12.6% in the fourth quarter. Two Sigma Advisers LP now owns 220,300 shares of the company’s stock valued at $675,000 after acquiring an additional 24,700 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in CRH Medical by 25.7% in the first quarter. Wedge Capital Management L L P NC now owns 118,903 shares of the company’s stock valued at $316,000 after acquiring an additional 24,347 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in CRH Medical in the first quarter valued at $236,000.

CRH Medical Company Profile

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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