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

Chorus Ltd. (OTCMKTS:CHRYYGet Free Report)’s share 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 changing hands.

Chorus Stock Up 2.5%

The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.46 and a current ratio of 0.46. The stock’s 50 day moving average is $27.78 and its two-hundred day moving average is $27.04.

About Chorus

(Get Free Report)

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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