Advanced Info Service Public (OTCMKTS:AVIFY) Shares Gap Up – Time to Buy?

Shares of Advanced Info Service Public Co. (OTCMKTS:AVIFY) gapped up before the market opened on Tuesday. The stock had previously closed at $9.92, but opened at $10.40. Advanced Info Service Public shares last traded at $10.38, with a volume of 1,062 shares trading hands.

Advanced Info Service Public Trading Up 4.6%

The firm has a market cap of $30.87 billion, a P/E ratio of 18.54 and a beta of 0.04. The company’s 50 day simple moving average is $11.02 and its 200-day simple moving average is $11.16. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 2.37.

Advanced Info Service Public (OTCMKTS:AVIFY) last announced its quarterly earnings results on Friday, August 7th. The technology company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. Advanced Info Service Public had a return on equity of 57.49% and a net margin of 23.42%.

About Advanced Info Service Public

Advanced Info Service Public Company Limited, commonly known as AIS, is a Thailand-based telecommunications company that provides mobile communications and digital connectivity services. The company operates under the AIS brand and serves individual, business and government customers across Thailand.

AIS offers mobile voice and data services, including 4G and 5G connectivity, along with prepaid and postpaid plans. Its business also includes fixed-line broadband through AIS Fibre, enterprise communications, cloud and information technology solutions, data center services, and other digital products such as entertainment and online content.

Founded in 1986, AIS developed from a mobile telephone operator into an integrated communications and digital services provider.