Advanced Info Service Public (OTCMKTS:AVIFY) Shares Gap Down - Here's What Happened

Key Points

• Advanced Info Service Public's shares experienced a significant decline, opening at $8.16 after closing at $10.30 previously, with a recent trading price of $8.17.
• The company's quarterly earnings reported $0.11 earnings per share, matching analysts' expectations, but revenue was significantly below expectations at $1.73 billion.
• Advanced Info Service Public announced a dividend of $0.149 per share, resulting in a high dividend yield of 292.0%, although the payout ratio stands at 78.95%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $10.30, but opened at $8.16. Advanced Info Service Public shares last traded at $8.17, with a volume of 524 shares trading hands.

Advanced Info Service Public Price Performance

The stock has a 50-day simple moving average of $9.43 and a 200-day simple moving average of $8.98. The stock has a market cap of $27.52 billion, a P/E ratio of 24.36 and a beta of 0.27.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.11 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 42.28% and a net margin of 17.92%.

Advanced Info Service Public Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, September 15th. Stockholders 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 payout ratio is 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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