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

Advanced Info Service Public Co. (OTCMKTS:AVIFY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $10.38, but opened at $9.8450. Advanced Info Service Public shares last traded at $9.8450, with a volume of 515 shares trading hands.

Advanced Info Service Public Trading Down 2.5%

The stock has a market capitalization of $29.15 billion, a PE ratio of 17.50 and a beta of 0.04. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 2.37. The firm has a 50-day moving average price of $11.12 and a 200-day moving average price of $11.19.

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

About Advanced Info Service Public

Advanced Info Service Public Company Limited (OTCMKTS:AVIFY), commonly known as AIS, is a Thailand-based telecommunications company. It provides mobile communications services, including voice and data connectivity, through nationwide cellular networks supporting technologies such as 4G and 5G.

The company also offers fixed broadband internet under the AIS Fibre brand, as well as digital entertainment and related consumer services. For businesses and organizations, AIS provides enterprise connectivity, information and communications technology solutions, cloud services, data center services, and other digital solutions.

AIS was established in Thailand in 1986 and has developed into one of the country’s leading telecommunications providers.