Chorus (OTCMKTS:CHRYY) Stock Passes Below 50-Day Moving Average – What’s Next?

Chorus Limited (OTCMKTS:CHRYY)’s stock price passed 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.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Chorus from a “strong sell” rating to a “hold” rating in a research report 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 50-day simple moving average is $24.34 and its two-hundred day simple moving average is $25.17.

About Chorus

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.