Chorus (OTCMKTS:CHRYY) Shares Down 6.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Chorus

Chorus Trading Down 6.6 %

The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.95. The stock has a 50-day simple moving average of $25.18 and a 200 day simple moving average of $25.14.

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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