Chorus (OTCMKTS:CHRYY) Hits New 12-Month High - What's Next?

Key Points

• Chorus Ltd. stock reached a new 52-week high of $30.00 during trading, with a closing price of $29.10.
• The stock increased by 0.7% and had a trading volume of 271 shares.
• Chorus provides fixed line communications infrastructure services in New Zealand, including phone and broadband services for both residential and business customers.

Chorus Ltd. (OTCMKTS:CHRYY - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $30.00 and last traded at $30.00, with a volume of 271 shares changing hands. The stock had previously closed at $29.10.

Chorus Stock Down 3.2%

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 8.05. The firm has a 50-day simple moving average of $26.49 and a 200 day simple moving average of $24.56.

Chorus Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.8575 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a yield of 482.0%.

Chorus Company Profile

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.