Shares of Chorus Ltd. (OTCMKTS:CHRYY – Get Free Report) saw strong trading volume on Thursday. 2,207 shares traded hands during trading, an increase of 125% from the average daily volume of 979 shares. The stock last traded at $22.55 and had previously closed at $22.43.
Chorus Stock Up 1.3%
The firm has a fifty day simple moving average of $23.52 and a 200 day simple moving average of $26.84. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 4.71.
About Chorus
Chorus Limited owns and operates New Zealand’s largest fixed-line telecommunications network. Its infrastructure includes fibre-optic and copper connections that support broadband, voice and other communications services. The company provides wholesale network access and related services to retail telecommunications providers, which sell services to households and businesses. Chorus does not generally sell broadband services directly to end users. Chorus was established in 2011 when Telecom New Zealand separated its network operations from its retail business.
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