Chorus (OTCMKTS:CHRYY) Trading Down 6.6% – What’s Next?

Chorus Limited (OTCMKTS:CHRYY) was down 6.6% during mid-day trading on Friday . The company traded as low as $22.41 and last traded at $22.41. Approximately 182 shares were traded during trading, an increase of 29% from the average daily volume of 141 shares. The stock had previously closed at $24.00.

Analysts Set New Price Targets

Separately, UBS Group raised Chorus from a “strong sell” rating to a “hold” rating in a research note on Sunday, October 13th.

Chorus Price Performance

The company has a debt-to-equity ratio of 4.95, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s fifty day simple moving average is $25.18 and its two-hundred day simple moving average is $25.14.

Chorus Company Profile

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.