Advanced Info Service Public (OTCMKTS:AVIFY) Shares Gap Down – What’s Next?

Advanced Info Service Public Co. (OTCMKTS:AVIFY) shares gapped down prior to trading on Monday . The stock had previously closed at $9.72, but opened at $8.57. Advanced Info Service Public shares last traded at $8.57, with a volume of 3,171 shares trading hands.

Advanced Info Service Public Stock Performance

The firm has a market cap of $32.36 billion, a price-to-earnings ratio of 28.63 and a beta of 0.26. The stock has a 50-day moving average of $9.58 and a 200-day moving average of $9.14.

Advanced Info Service Public (OTCMKTS:AVIFY) last released its earnings results on Friday, November 7th. The technology company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.69 billion.

Advanced Info Service Public Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were issued a $0.149 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a yield of 292.0%. Advanced Info Service Public’s payout ratio is currently 67.44%.

About Advanced Info Service Public

Advanced Info Service Public Company Limited, together its subsidiaries, provides communication products and services primarily in Thailand. It is involved in the operation of cellular telephone networks, networks, and telecommunication and internet services. The company also distributes handsets; cash cards and electronic payment services; and internet equipment.