Advanced Info Service Public (OTCMKTS:AVIFY) Sees Strong Trading Volume – Here’s Why

Shares of Advanced Info Service Public Co. (OTCMKTS:AVIFY) saw strong trading volume on Friday. 27,813 shares traded hands during mid-day trading, an increase of 550% from the average daily volume of 4,281 shares. The stock last traded at $9.70 and had previously closed at $10.02.

Advanced Info Service Public Trading Down 0.9%

The firm has a market capitalization of $29.29 billion, a price-to-earnings ratio of 17.59 and a beta of 0.13. The business has a 50-day moving average of $10.12 and a two-hundred day moving average of $11.08. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 2.37.

Advanced Info Service Public (OTCMKTS:AVIFY) last posted its quarterly earnings results on Friday, August 7th. The technology company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations 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 (OTCMKTS:AVIFY), commonly known as AIS, is a Thailand-based telecommunications company. It provides mobile voice and data services to consumers and businesses through its wireless communications network, along with related connectivity and communications products.

The company also operates AIS Fibre, its fixed broadband internet business, and offers enterprise telecommunications solutions, including connectivity, information technology, cloud, data center and managed services.