Chorus Ltd. (OTCMKTS:CHRYY – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $27.2420, but opened at $28.00. Chorus shares last traded at $28.33, with a volume of 1,200 shares trading hands.
Chorus Stock Up 2.5%
The company has a debt-to-equity ratio of 8.05, a current ratio of 0.46 and a quick ratio of 0.46. The business’s 50-day moving average price is $27.78 and its two-hundred day moving average price is $27.04.
About Chorus
Chorus Limited is New Zealand’s largest provider of fixed-line telecommunications infrastructure. Established in December 2011 following a demerger from Telecom New Zealand, the company owns and operates the fibre optic and copper network that forms the backbone of the country’s broadband and voice services.
Chorus specialises in wholesale network access, delivering fibre-to-the-premises (FTTP), fibre-to-the-cabinet (FTTC) and copper-based broadband connections to retail service providers such as Spark, 2degrees and Vodafone.
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