Chorus (OTCMKTS:CHRYY) Shares Gap Down – Here’s What Happened

Chorus Ltd. (OTCMKTS:CHRYY – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $23.20, but opened at $22.0301. Chorus shares last traded at $22.0301, with a volume of 452 shares traded.

Chorus Stock Down 5.0%

The firm has a 50-day moving average of $25.30 and a two-hundred day moving average of $27.14. The company has a debt-to-equity ratio of 4.71, a current ratio of 0.91 and a quick ratio of 0.91.

About Chorus

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Chorus Limited is a New Zealand telecommunications infrastructure company that owns and operates the country’s largest fixed-line communications network. The company provides wholesale access to broadband and data services, rather than selling most services directly to consumers. Its customers include retail internet service providers, telecommunications companies and other businesses.

Chorus’s network includes New Zealand’s nationwide Ultra-Fast Broadband fibre infrastructure, as well as legacy copper lines and associated backhaul and transmission assets.

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