Chorus (OTCMKTS:CHRYY) Trading Up 1.5% – Here’s Why

Chorus Ltd. (OTCMKTS:CHRYYGet Free Report)’s stock price rose 1.5% during mid-day trading on Monday . The company traded as high as $26.45 and last traded at $26.45. Approximately 133 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 239 shares. The stock had previously closed at $26.05.

Chorus Price Performance

The company has a fifty day simple moving average of $25.90 and a two-hundred day simple moving average of $26.11. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 8.05.

Chorus Announces Dividend

The business also recently declared a dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, September 17th were issued a $0.8575 dividend. This represents a yield of 482.0%. The ex-dividend date was Tuesday, September 16th.

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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