Advanced Info Service Public (OTCMKTS:AVIFY) Shares Down 12.7% – Here’s What Happened

Advanced Info Service Public Co. (OTCMKTS:AVIFY) shares traded down 12.7% on Wednesday . The company traded as low as $8.95 and last traded at $8.95. 1,126 shares were traded during trading, a decline of 85% from the average session volume of 7,618 shares. The stock had previously closed at $10.2499.

Advanced Info Service Public Trading Down 14.8%

The business’s 50 day simple moving average is $9.67 and its 200-day simple moving average is $9.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.34 and a quick ratio of 0.31. The stock has a market capitalization of $26.62 billion, a P/E ratio of 20.81 and a beta of 0.13.

Advanced Info Service Public (OTCMKTS:AVIFY) last posted its quarterly earnings results on Friday, November 7th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Advanced Info Service Public had a return on equity of 45.17% and a net margin of 19.22%.The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.69 billion.

Advanced Info Service Public Company Profile

Advanced Info Service Public Company Limited (OTCMKTS: AVIFY), commonly known as AIS, is a Thailand-based telecommunications provider offering a range of mobile and digital services. The company operates nationwide mobile networks and provides voice and data plans for prepaid and postpaid customers, as well as international roaming and value-added mobile services. AIS is publicly listed in Thailand and also trades over the counter under the AVIFY ticker.

Beyond core mobile services, AIS has expanded into fixed broadband and digital platforms.