Chorus (OTCMKTS:CHRYY) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Chorus Limited (OTCMKTS:CHRYYGet Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.34 and traded as low as $24.15. Chorus shares last traded at $24.15, with a volume of 233 shares trading hands.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on Chorus

Chorus Trading Up 1.2 %

The business has a 50 day simple moving average of $24.29 and a 200-day simple moving average of $25.17. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.95.

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.

Further Reading

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