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

Key Points

• Advanced Info Service Public Co. experienced a significant gap down in its stock price, opening at $8.98 after a previous close of $9.30.
• The company reported quarterly earnings of $0.11 per share and a revenue of $1.73 billion, which fell short of analysts' expectations.
• Advanced Info Service recently announced a dividend of $0.149, resulting in a notable dividend yield of 292.0% and a payout ratio of 78.95%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $9.30, but opened at $8.98. Advanced Info Service Public shares last traded at $8.98, with a volume of 229 shares.

Advanced Info Service Public Trading Up 3.9%

The firm has a market capitalization of $28.74 billion, a P/E ratio of 25.43 and a beta of 0.27. The stock has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $8.86.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The firm 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 announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were issued a $0.149 dividend. 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 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.

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.