Advanced Info Service Public (OTCMKTS:AVIFY) Stock Price Down 15.3% - Time to Sell?

Key Points

• Advanced Info Service Public Co. saw its stock price fall by 15.3%, trading at $8.99, a significant decline from its previous close of $10.61.
• The company reported a quarterly net revenue of $1.73 billion, aligning with analysts' estimates of $55.34 billion, and an earnings per share (EPS) of $0.11.
• Advanced Info Service recently declared a $0.149 dividend, reflecting a yield of 292.0%, with a dividend payout ratio of 78.95%.

Shares of Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) were down 15.3% during mid-day trading on Tuesday . The company traded as low as $8.99 and last traded at $8.99. Approximately 308 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 8,374 shares. The stock had previously closed at $10.61.

Advanced Info Service Public Stock Performance

The firm has a market capitalization of $30.10 billion, a P/E ratio of 26.63 and a beta of 0.34. The business has a fifty day moving average of $9.34 and a 200-day moving average of $8.78.

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

Advanced Info Service Public Cuts Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.