Advanced Info Service Public (OTCMKTS:AVIFY) Stock Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Advanced Info Service Public shares have crossed above their fifty-day moving average of $8.77, trading at $9.02 recently.
• The company reported disappointing quarterly earnings of $0.10 per share, significantly missing the consensus estimate of $3.19.
• Despite a market cap of $26.83 billion, the stock saw a decrease of 1.4% on the trading day in question.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.77 and traded as high as $9.02. Advanced Info Service Public shares last traded at $9.02, with a volume of 164 shares changing hands.

Advanced Info Service Public Trading Up 9.9%

The firm's 50-day moving average is $8.77 and its 200 day moving average is $8.59. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 28.32 and a beta of 0.34.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.19 by ($3.09). Advanced Info Service Public had a return on equity of 40.64% and a net margin of 17.19%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $53.83 billion.

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.