Chorus Ltd. (OTCMKTS:CHRYY – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $28.04 and traded as low as $27.56. Chorus shares last traded at $28.00, with a volume of 1,265 shares changing hands.
Chorus Stock Performance
The business’s 50 day moving average price is $28.04 and its 200-day moving average price is $27.96.
About Chorus
Chorus Limited is New Zealand’s largest provider of fixed-line telecommunications infrastructure. Established in December 2011 following a demerger from Telecom New Zealand, the company owns and operates the fibre optic and copper network that forms the backbone of the country’s broadband and voice services.
Chorus specialises in wholesale network access, delivering fibre-to-the-premises (FTTP), fibre-to-the-cabinet (FTTC) and copper-based broadband connections to retail service providers such as Spark, 2degrees and Vodafone.
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