Advanced Info Service Public (OTCMKTS:AVIFY) Shares Gap Down – Should You Sell?

Advanced Info Service Public Co. (OTCMKTS:AVIFY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.72, but opened at $8.57. Advanced Info Service Public shares last traded at $8.57, with a volume of 3,171 shares changing hands.

Advanced Info Service Public Trading Up 6.0%

The firm has a market cap of $32.36 billion, a PE ratio of 28.63 and a beta of 0.26. The company’s 50-day moving average is $9.58 and its 200 day moving average is $9.14.

Advanced Info Service Public (OTCMKTS:AVIFY) last released its quarterly earnings data on Friday, November 7th. The technology company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.69 billion. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%.

Advanced Info Service Public Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.149 per share. The ex-dividend date was Wednesday, August 20th. This represents a dividend yield of 292.0%. Advanced Info Service Public’s payout ratio is 67.44%.

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.