Advanced Info Service Public (OTCMKTS:AVIFY) Trading Up 6% - Here's What Happened

Key Points

• Advanced Info Service Public shares increased by 6% during mid-day trading, reaching a high of $10.45, although trading volume dropped significantly to approximately 193 shares.
• The company reported Q2 earnings of $0.11 per share, aligning with analysts' expectations, but its revenue of $1.73 billion fell short of the forecasted $55.34 billion.
• Advanced Info Service recently cut its dividend, distributing $0.149 per share, equating to a massive dividend yield of 292.0%, with a payout ratio of 78.95%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) was up 6% during mid-day trading on Wednesday . The stock traded as high as $10.45 and last traded at $10.45. Approximately 193 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 8,621 shares. The stock had previously closed at $9.86.

Advanced Info Service Public Price Performance

The firm has a market capitalization of $30.93 billion, a PE ratio of 27.37 and a beta of 0.34. The stock's 50-day moving average price is $9.30 and its 200 day moving average price is $8.76.

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, meeting the consensus estimate of $0.11. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $55.34 billion.

Advanced Info Service Public Cuts Dividend

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

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.