Advanced Info Service Public (OTCMKTS:AVIFY) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Advanced Info Service Public shares fell below their 200-day moving average, indicating potential concern for investors, with the stock last traded at $8.05.
• The company announced a dividend of $0.149 to be paid on September 15th, with a significant dividend yield of 292.0% despite a payout ratio of 78.95%.
• In its latest earnings report, the firm met analyst expectations with an EPS of $0.11 and a revenue of $1.73 billion, but this was notably lower than the expected $55.34 billion.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.63 and traded as low as $8.05. Advanced Info Service Public shares last traded at $8.05, with a volume of 240 shares changing hands.

Advanced Info Service Public Stock Performance

The company has a market cap of $23.94 billion, a PE ratio of 21.18 and a beta of 0.35. The stock's 50 day moving average price is $8.91 and its 200-day moving average price is $8.63.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 43.92%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $55.34 billion.

Advanced Info Service Public Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 21st will be given a $0.149 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a dividend yield of 292.0%. Advanced Info Service Public's dividend payout ratio is currently 78.95%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.