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

Key Points

• Advanced Info Service Public shares experienced a significant gap up, opening at $10.19 after a previous close of $8.45, with a trading volume of 334 shares.
• The company's quarterly earnings met analysts' expectations with earnings per share of $0.11, while revenue was reported at $1.73 billion, significantly below the consensus estimate of $55.34 billion.
• A recent dividend of $0.149 was paid out to investors, representing a yield of 292.0% and a dividend payout ratio of 76.32%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $8.45, but opened at $10.19. Advanced Info Service Public shares last traded at $10.19, with a volume of 334 shares trading hands.

Advanced Info Service Public Price Performance

The business's 50-day moving average price is $9.42 and its two-hundred day moving average price is $8.91. The company has a market capitalization of $30.30 billion, a price-to-earnings ratio of 26.81 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, meeting analysts' consensus estimates of $0.11. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%. 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 disclosed a dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 21st were paid a $0.149 dividend. This represents a yield of 292.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Advanced Info Service Public's dividend payout ratio (DPR) is 76.32%.

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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