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

Advanced Info Service Public Co. (OTCMKTS:AVIFY) shares gapped down before the market opened on Friday . The stock had previously closed at $10.37, but opened at $9.7650. Advanced Info Service Public shares last traded at $9.7650, with a volume of 177 shares.

Advanced Info Service Public Price Performance

The company has a 50 day moving average price of $11.28 and a 200 day moving average price of $11.24. The firm has a market cap of $29.04 billion, a PE ratio of 17.44 and a beta of 0.04. The company has a current ratio of 0.40, a quick ratio of 0.86 and a debt-to-equity ratio of 2.37.

Advanced Info Service Public (OTCMKTS:AVIFY) last posted its earnings results on Friday, August 7th. The technology company reported $0.14 earnings per share for the quarter, meeting the consensus estimate 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%.

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.