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

Key Points

• Advanced Info Service Public shares gapped down significantly, opening at $9.21 from a previous close of $10.41, with a trading volume of only 218 shares.
• The company recently cut its dividend payout to $0.149 per share, resulting in a dividend yield of 292.0% and a payout ratio of 76.32%.
• Advanced Info Service reported a quarterly revenue of $1.73 billion, which was significantly below the consensus estimate of $55.34 billion, despite meeting earnings expectations of $0.11 per share.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.41, but opened at $9.21. Advanced Info Service Public shares last traded at $9.21, with a volume of 218 shares.

Advanced Info Service Public Price Performance

The company has a 50-day moving average of $9.27 and a 200 day moving average of $8.73. The company has a market cap of $27.39 billion, a PE ratio of 24.24 and a beta of 0.34.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last issued 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 firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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 business also recently disclosed a dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 21st were paid 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 is 76.32%.

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.

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