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

Advanced Info Service Public Co. (OTCMKTS:AVIFY) gapped down before the market opened on Thursday. The stock had previously closed at $9.9650, but opened at $9.25. Advanced Info Service Public shares last traded at $9.25, with a volume of 2,732 shares trading hands.

Advanced Info Service Public Price Performance

The firm has a 50-day simple moving average of $10.79 and a 200-day simple moving average of $11.11. The firm has a market capitalization of $30.25 billion, a PE ratio of 18.16 and a beta of 0.07. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.40 and a quick ratio of 0.36.

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

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.