Chorus Aviation (OTCMKTS:CHRRF) Shares Down 4.7% – Here’s What Happened

Chorus Aviation Inc. (OTCMKTS:CHRRF)’s share price dropped 4.7% during trading on Monday . The stock traded as low as $16.78 and last traded at $16.78. Approximately 4,000 shares changed hands during mid-day trading, an increase of 269% from the average daily volume of 1,084 shares. The stock had previously closed at $17.60.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHRRF. TD Securities reiterated a “buy” rating on shares of Chorus Aviation in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Chorus Aviation in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Chorus Aviation Price Performance

The business has a 50-day simple moving average of $17.51 and a 200-day simple moving average of $16.80.

About Chorus Aviation

Chorus Aviation Inc is a Canadian-based aviation services company that operates a diversified portfolio of regional airline, aircraft leasing and flight training businesses. The company’s principal airline subsidiary, Jazz Aviation LP, provides regional flight services under capacity purchase agreements with major North American carriers, operating a fleet of turboprop and regional jet aircraft across a network of domestic and cross-border routes.

In addition to its passenger services, Chorus Aviation maintains a charter and cargo division that supports ad hoc freight transport and special-mission operations.