Advanced Info Service Public (OTCMKTS:AVIFY) Shares Gap Up - Time to Buy?

Key Points

• Advanced Info Service Public's stock price increased significantly from a previous close of $8.88 to open at $9.50 on Wednesday, with a trading volume of 348 shares.
• The company reported $0.11 earnings per share for the last quarter, meeting analysts' expectations, but had revenue that significantly underperformed estimates with $1.73 billion reported compared to $55.34 billion expected.
• Advanced Info Service Public recently paid a dividend of $0.149 with a high yield of 292.0%, though its payout ratio stands at 76.32%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $8.88, but opened at $9.50. Advanced Info Service Public shares last traded at $9.50, with a volume of 348 shares.

Advanced Info Service Public Stock Performance

The company has a market cap of $28.25 billion, a price-to-earnings ratio of 25.00 and a beta of 0.34. The firm's 50-day moving average price is $9.35 and its 200 day moving average price is $8.83.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last announced 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. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $55.34 billion. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%.

Advanced Info Service Public Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders 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 payout ratio is currently 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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