Chorus (OTCMKTS:CHRYY) Shares Gap Down - Time to Sell?

Key Points

• Chorus Ltd. shares gapped down significantly, opening at $25.75 after a previous close of $27.41, marking a 6.0% decline.
• The company announced a dividend of $0.8575 per share with a notable yield of 482.0%, set to be paid on October 27th to investors of record by September 17th.
• Chorus Limited operates in New Zealand, providing essential fixed line communications infrastructure services including broadband and phone solutions.

Chorus Ltd. (OTCMKTS:CHRYY - )'s share price gapped down prior to trading on Thursday . The stock had previously closed at $27.41, but opened at $25.75. Chorus shares last traded at $25.75, with a volume of 180 shares trading hands.

Chorus Stock Down 6.0%

The firm's fifty day moving average price is $26.89 and its 200-day moving average price is $24.78. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 8.05.

Chorus Dividend Announcement

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

About Chorus

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.

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