Chorus Aviation (TSE:CHR) Shares Cross Below 50-Day Moving Average – Time to Sell?

Chorus Aviation Inc. (TSE:CHR) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$24.40 and traded as low as C$23.76. Chorus Aviation shares last traded at C$24.24, with a volume of 22,150 shares.

Analyst Ratings Changes

Separately, TD boosted their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chorus Aviation has a consensus rating of “Buy” and a consensus target price of C$30.88.

Chorus Aviation Stock Performance

The company has a market capitalization of C$557.08 million, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78. The business’s fifty day moving average is C$24.40 and its two-hundred day moving average is C$23.29. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81.

Chorus Aviation (TSE:CHR) last issued its earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$325.42 million for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%. Equities research analysts predict that Chorus Aviation Inc. will post 0.3 earnings per share for the current year.

Chorus Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation’s dividend payout ratio is presently 10.38%.

Chorus Aviation Company Profile

Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services.