Advanced Info Service Public (OTCMKTS:AVIFY) Stock Price Down 12.2% – Here’s Why

Advanced Info Service Public Co. (OTCMKTS:AVIFY) traded down 12.2% during mid-day trading on Wednesday . The company traded as low as $9.55 and last traded at $9.55. 200 shares were traded during trading, a decline of 97% from the average session volume of 7,346 shares. The stock had previously closed at $10.88.

Advanced Info Service Public Stock Performance

The company’s 50 day moving average price is $9.59 and its 200 day moving average price is $9.17. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 25.13 and a beta of 0.26.

Advanced Info Service Public (OTCMKTS:AVIFY) last announced its quarterly earnings results on Friday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate 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 announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were issued a $0.149 dividend. This represents a dividend yield of 292.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Advanced Info Service Public’s payout ratio is presently 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.