Chorus (OTCMKTS:CHRYY) Shares Cross Below Fifty Day Moving Average – Here’s Why

Chorus Limited (OTCMKTS:CHRYYGet Free Report)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.16 and traded as low as $24.15. Chorus shares last traded at $24.15, with a volume of 153 shares changing hands.

Chorus Price Performance

The stock has a 50-day moving average price of $24.16 and a 200 day moving average price of $25.22. The company has a debt-to-equity ratio of 4.95, a current ratio of 0.37 and a quick ratio of 0.37.

About Chorus

(Get Free Report)

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.

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