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

Advanced Info Service Public Co. (OTCMKTS:AVIFY)’s stock price gapped down prior to trading 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 changing hands.

Advanced Info Service Public Stock Down 5.6%

The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 16.52 and a beta of 0.07. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 2.37. The firm has a 50 day moving average price of $10.84 and a two-hundred day moving average price of $11.12.

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

Advanced Info Service Public Company Profile

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.