Chorus Ltd (ASX:CNU)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.21 and traded as high as $4.80. Chorus shares last traded at $4.71, with a volume of 345,331 shares.

The business has a fifty day moving average of A$5.19 and a 200-day moving average of A$5.42. The stock has a market capitalization of $2.07 billion and a price-to-earnings ratio of 41.32. The company has a debt-to-equity ratio of 319.61, a current ratio of 0.40 and a quick ratio of 0.40.

The company also recently announced a Final dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, October 8th will be issued a dividend of $0.128 per share. This represents a yield of 2.71%. The ex-dividend date is Monday, September 23rd. Chorus’s payout ratio is currently 192.98%.

In other news, insider Mark Cross bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of A$5.10 ($3.62) per share, with a total value of A$25,500.00 ($18,085.11).

Chorus Company Profile (ASX:CNU)

Chorus Limited, together with its subsidiaries, provides fixed line communications infrastructure services in New Zealand. It offers phone and broadband services over copper and fiber networks for residential and business customers; and very high speed digital subscriber line broadband services. The company also provides colocation services.

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