The stock of CRH Medical Corp (TSE:CRH) hit a new 52-week high and has $7.59 target or 4.00% above today’s $7.30 share price. The 7 months bullish chart indicates low risk for the $527.35 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $7.59 price target is reached, the company will be worth $21.09M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 360,833 shares traded hands. CRH Medical Corp (TSE:CRH) has risen 104.40% since April 22, 2016 and is uptrending. It has outperformed by 98.39% the S&P500.
More news for CRH Medical Corp (TSE:CRH) were recently published by: Quotes.Wsj.com, which released: “News CRH Medical Corp.CRHM” on September 04, 2015. Marketwatch.com‘s article titled: “CRH Medical Corp.” and published on September 10, 2015 is yet another important article.
CRH Medical Corporation, formerly Medsurge Medical Products Corp., is a healthcare services and products company. The company has a market cap of $527.35 million. The Firm operates through divisions, including the sale of medical products and the provision of anesthesia services. It has a 55.18 P/E ratio. The Firm specializes in the treatment of hemorrhoids utilizing its treatment protocol and technology.
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