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

Key Points

• Advanced Info Service Public's shares gapped up before the market opened, rising from a previous close of $8.21 to open at $8.98, and last traded at $9.90.
• The company reported $0.11 earnings per share (EPS) for the last quarter, matching analyst expectations, but its revenue fell short of predictions, coming in at $1.73 billion versus expectations of $55.34 billion.
• Advanced Info Service Public recently cut its dividend payout, announcing a dividend of $0.149 with a yield of 292.0%, despite a high payout ratio of 76.32%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.21, but opened at $8.98. Advanced Info Service Public shares last traded at $9.90, with a volume of 1,705 shares traded.

Advanced Info Service Public Stock Up 20.5%

The stock has a market cap of $29.41 billion, a P/E ratio of 26.03 and a beta of 0.34. The business has a 50-day simple moving average of $9.35 and a 200-day simple moving average of $8.79.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last announced 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 firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations 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 was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were paid a $0.149 dividend. The ex-dividend date was Wednesday, August 20th. This represents a dividend yield of 292.0%. Advanced Info Service Public's dividend payout ratio (DPR) is presently 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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