Advanced Info Service Public (OTCMKTS:AVIFY) Shares Down 14.1% - Time to Sell?

Key Points

• Advanced Info Service Public (OTCMKTS:AVIFY) shares fell by 14.1%, closing at $8.03, with trading volume down 79% compared to the average.
• The company reported $1.73 billion in revenue for the last quarter but fell short of the analysts' expectations of $55.34 billion.
• Advanced Info Service Public also announced a recent cut in dividends, with a yield of 292.0% and a payout ratio of 78.95%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) traded down 14.1% on Thursday . The company traded as low as $8.03 and last traded at $8.03. 1,606 shares were traded during trading, a decline of 79% from the average session volume of 7,808 shares. The stock had previously closed at $9.35.

Advanced Info Service Public Price Performance

The business's 50-day moving average price is $9.44 and its two-hundred day moving average price is $9.00. The company has a market capitalization of $23.88 billion, a P/E ratio of 21.13 and a beta of 0.27.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $55.34 billion. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%.

Advanced Info Service Public Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 21st were issued a dividend of $0.149 per share. This represents a dividend yield of 292.0%. The ex-dividend date was Wednesday, August 20th. Advanced Info Service Public's dividend payout ratio (DPR) is presently 78.95%.

Advanced Info Service Public Company Profile

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.

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