Free Trial

Chorus (OTCMKTS:CHRYY) Shares Gap Down - Here's Why

Chorus logo with Computer and Technology background

Key Points

  • Chorus Ltd. shares gapped down from a previous close of $29.17 to an opening price of $28.23, marking a 3.2% decline.
  • The company announced a significant dividend yield of 482.0%, with a payment of $0.8575 scheduled for October 27th to shareholders recorded by September 17th.
  • Chorus operates in New Zealand, providing fixed line communications infrastructure services, including broadband and data services.
  • Five stocks to consider instead of Chorus.

Chorus Ltd. (OTCMKTS:CHRYY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $29.17, but opened at $28.23. Chorus shares last traded at $28.23, with a volume of 187 shares traded.

Chorus Price Performance

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 company has a 50-day moving average price of $26.74 and a two-hundred day moving average price of $24.68.

Chorus Dividend Announcement

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

About Chorus

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Chorus Right Now?

Before you consider Chorus, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chorus wasn't on the list.

While Chorus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.