Chorus Aviation (OTCMKTS:CHRRF) Stock Price Down 4.7% – Here’s Why

Chorus Aviation Inc. (OTCMKTS:CHRRF) dropped 4.7% on Monday . The stock traded as low as $16.78 and last traded at $16.78. 4,000 shares were traded during trading, an increase of 269% from the average daily volume of 1,084 shares. The stock had previously closed at $17.60.

Analyst Upgrades and Downgrades

CHRRF has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Chorus Aviation in a report on Monday, May 11th. TD Securities reissued a “buy” rating on shares of Chorus Aviation in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Chorus Aviation Trading Up 0.6%

The firm’s 50-day moving average is $17.50 and its 200-day moving average is $16.81.

About Chorus Aviation

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.