Chorus (OTCMKTS:CHRYY) Stock Crosses Below 50-Day Moving Average - Time to Sell?

Chorus Limited (OTCMKTS:CHRYY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $26.62 and traded as low as $26.03. Chorus shares last traded at $26.03, with a volume of 300 shares traded.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Chorus from a "strong sell" rating to a "hold" rating in a research note on Sunday, October 13th.

Chorus Price Performance

The firm has a 50 day moving average price of $26.62 and a 200-day moving average price of $24.00. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.95.

Chorus Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Tuesday, September 17th were issued a $0.7539 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This is a boost from Chorus's previous dividend of $0.47.

About Chorus

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.