CRH Medical (CRH) Announces Quarterly Earnings Results, Hits Estimates
CRH Medical (TSE:CRH) released its quarterly earnings data on Wednesday. The company reported C$0.03 earnings per share for the quarter, meeting the consensus estimate of C$0.03, reports. The firm had revenue of C$42.33 million during the quarter, compared to analysts’ expectations of C$41.45 million.
CRH Medical stock traded down C$0.10 during mid-day trading on Friday, hitting C$3.86. 69,982 shares of the company were exchanged, compared to its average volume of 130,524. The company has a debt-to-equity ratio of 52.51, a quick ratio of 1.89 and a current ratio of 1.99. The company has a market capitalization of $286.40 million and a price-to-earnings ratio of 45.41. CRH Medical has a 12-month low of C$3.09 and a 12-month high of C$5.91.
Separately, TD Securities dropped their price target on CRH Medical from C$6.50 to C$5.50 and set a “buy” rating for the company in a research report on Wednesday, January 9th.
CRH Medical Corporation provides various products and services to gastroenterologists for the treatment of gastrointestinal diseases in the United States, Canada, and internationally. It offers CRH O'Regan system, a single use, disposable, and hemorrhoid banding technology for treating various grades of hemorrhoid.
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