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

Key Points

• Advanced Info Service Public's stock price increased significantly, opening at $9.91 after closing at $9.02, resulting in a 9.9% rise.
• The company reported earnings of $0.10 per share, considerably below analysts' expectations of $3.19, with revenues of $1.72 billion versus expected $53.83 billion.
• Advanced Info Service Public has a market cap of $29.47 billion and operates primarily in the telecommunications sector in Thailand.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $9.02, but opened at $9.91. Advanced Info Service Public shares last traded at $9.91, with a volume of 495 shares changing hands.

Advanced Info Service Public Stock Performance

The company has a 50 day moving average price of $8.82 and a 200-day moving average price of $8.61. The company has a market cap of $29.47 billion, a P/E ratio of 28.32 and a beta of 0.35.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $3.19 by ($3.09). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $53.83 billion. Advanced Info Service Public had a return on equity of 40.64% and a net margin of 17.19%.

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.