Advanced Info Service Public (OTCMKTS:AVIFY) Stock Price Down 9.8% - Here's What Happened

Key Points

• Advanced Info Service Public Co. reported a significant stock price drop of 9.8%, closing at $9.30, with a drastic decrease in trading volume.
• The company's quarterly earnings came in line with expectations, reporting $0.11 earnings per share and a revenue of $1.73 billion, although this was lower than consensus estimates.
• Additionally, Advanced Info Service recently cut its dividend, paying out $0.149 per share with a substantial yield of 292.0%.

Shares of Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) dropped 9.8% on Thursday . The company traded as low as $9.30 and last traded at $9.30. Approximately 252 shares changed hands during trading, a decline of 97% from the average daily volume of 7,618 shares. The stock had previously closed at $10.31.

Advanced Info Service Public Stock Performance

The business has a 50 day moving average of $9.44 and a two-hundred day moving average of $8.95. The firm has a market capitalization of $27.66 billion, a price-to-earnings ratio of 24.47 and a beta of 0.27.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.11 earnings per share 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 for the quarter, compared to the consensus estimate of $55.34 billion.

Advanced Info Service Public Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 21st were paid a dividend of $0.149 per share. 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 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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