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Chorus (OTCMKTS:CHRYY) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Chorus logo with Computer and Technology background
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Chorus Limited (OTCMKTS:CHRYY - Get Free Report)'s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $23.83 and traded as low as $22.51. Chorus shares last traded at $22.51, with a volume of 157 shares.

Chorus Trading Down 3.8 %

The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.95. The company's fifty day simple moving average is $23.71 and its 200-day simple moving average is $25.25.

Chorus Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 25th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.6471 per share. The ex-dividend date is Tuesday, March 18th.

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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