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

Key Points

• Advanced Info Service Public (OTCMKTS:AVIFY) shares gapped down from $9.38 to $8.87, reflecting a 5.4% decrease in value.
• The company recently reported an earnings per share (EPS) of $0.11, matching analysts' expectations, with a revenue of $1.73 billion for the last quarter.
• Advanced Info Service Public announced a dividend cut, declaring a yield of 292.0% and a payout ratio of 78.95% for the most recent dividend payment.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $9.38, but opened at $8.87. Advanced Info Service Public shares last traded at $8.87, with a volume of 126 shares.

Advanced Info Service Public Trading Down 5.4%

The company has a 50 day moving average price of $9.36 and a 200 day moving average price of $8.83. The company has a market capitalization of $26.39 billion, a P/E ratio of 23.36 and a beta of 0.34.

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

Advanced Info Service Public Cuts Dividend

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

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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