Chorus Aviation (OTCMKTS:CHRRF) Shares Down 1.1% – Should You Sell?

Chorus Aviation Inc. (OTCMKTS:CHRRF)’s share price dropped 1.1% during mid-day trading on Wednesday . The company traded as low as $15.4795 and last traded at $15.4795. Approximately 735 shares were traded during trading, a decline of 20% from the average daily volume of 915 shares. The stock had previously closed at $15.6575.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank restated a “sector perform” rating on shares of Chorus Aviation in a research note on Monday, November 10th. BMO Capital Markets reissued an “outperform” rating on shares of Chorus Aviation in a research report on Monday, November 10th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Chorus Aviation in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Chorus Aviation Stock Down 1.1%

The firm’s 50-day simple moving average is $15.74 and its 200-day simple moving average is $15.69.

Chorus Aviation Company Profile

Chorus Aviation Inc is a Canadian-based aviation services company that operates a diversified portfolio of regional airline, aircraft leasing and flight training businesses. The company’s principal airline subsidiary, Jazz Aviation LP, provides regional flight services under capacity purchase agreements with major North American carriers, operating a fleet of turboprop and regional jet aircraft across a network of domestic and cross-border routes.

In addition to its passenger services, Chorus Aviation maintains a charter and cargo division that supports ad hoc freight transport and special-mission operations.