Chorus (OTCMKTS:CHRYY) Shares Gap Down – Here’s Why

Chorus Ltd. (OTCMKTS:CHRYY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $25.15, but opened at $23.45. Chorus shares last traded at $23.45, with a volume of 103 shares traded.

Chorus Price Performance

The company has a 50 day moving average of $27.27 and a 200 day moving average of $27.78.

Chorus Company Profile

Chorus Limited is a New Zealand telecommunications infrastructure company that owns and operates the country’s nationwide fixed-line communications network. The company does not generally provide retail telecommunications services directly to consumers; instead, it supplies wholesale network access to internet service providers and other communications companies.

Chorus’s network supports high-speed broadband, voice, data and other digital communications services. Its infrastructure includes a nationwide fiber-optic network developed through New Zealand’s Ultra-Fast Broadband initiative, as well as remaining copper-based connections and related network assets.