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

Key Points

• Advanced Info Service Public Co. shares gapped down, opening at $9.41 compared to a previous close of $9.95, with a trading volume of 530,500 shares.
• The company reported $1.73 billion in revenue for the quarter, but this was significantly lower than analyst estimates of $55.34 billion, while earnings per share met expectations at $0.11.
• Advanced Info Service Public has announced a dividend of $0.149 per share, set to be paid on September 15th, representing a dividend yield of 292.0% and a payout ratio of 78.95%.

Shares of Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.95, but opened at $9.41. Advanced Info Service Public shares last traded at $9.41, with a volume of 530,500 shares traded.

Advanced Info Service Public Stock Performance

The company has a market cap of $27.39 billion, a PE ratio of 24.24 and a beta of 0.34. The stock has a 50 day moving average of $9.17 and a 200-day moving average of $8.70.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates 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 will be paid on Monday, September 15th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.149 per share. The ex-dividend date is Wednesday, August 20th. This represents a dividend yield of 292.0%. 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.

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.