Chorus Aviation (TSE:CHR) Stock Price Crosses Below 50-Day Moving Average of $2.54

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Chorus Aviation Inc (TSE:CHR) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.54 and traded as low as $2.17. Chorus Aviation shares last traded at $2.20, with a volume of 378,185 shares trading hands.

CHR has been the subject of several research analyst reports. TD Securities raised their price objective on Chorus Aviation from C$6.00 to C$6.50 and gave the company a “buy” rating in a research note on Monday, August 17th. Royal Bank of Canada dropped their price target on Chorus Aviation from C$4.50 to C$4.00 and set an “outperform” rating for the company in a research report on Monday, August 17th. Finally, National Bank Financial raised their price target on Chorus Aviation from C$3.25 to C$3.50 and gave the stock a “sector perform” rating in a research report on Monday, August 17th.

The company has a debt-to-equity ratio of 340.47, a current ratio of 1.03 and a quick ratio of 0.78. The firm has a 50-day simple moving average of C$2.53 and a two-hundred day simple moving average of C$2.81. The company has a market cap of $351.25 million and a PE ratio of 4.82.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.13 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.08 by C$0.05. The business had revenue of C$184.21 million during the quarter, compared to analysts’ expectations of C$185.00 million. Equities research analysts forecast that Chorus Aviation Inc will post 0.58 EPS for the current year.

About Chorus Aviation (TSE:CHR)

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

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