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 Tuesday . The stock had previously closed at $10.3432, but opened at $9.7250. Advanced Info Service Public shares last traded at $9.7250, with a volume of 405 shares trading hands.

Advanced Info Service Public Stock Down 14.8%

The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $9.34. The stock has a market capitalization of $26.62 billion, a P/E ratio of 20.81 and a beta of 0.13.

Advanced Info Service Public (OTCMKTS:AVIFY) last announced its earnings results on Friday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Advanced Info Service Public had a net margin of 19.22% and a return on equity of 45.17%.

Advanced Info Service Public Company Profile

Advanced Info Service Public Company Limited (OTCMKTS: AVIFY), commonly known as AIS, is a Thailand-based telecommunications provider offering a range of mobile and digital services. The company operates nationwide mobile networks and provides voice and data plans for prepaid and postpaid customers, as well as international roaming and value-added mobile services. AIS is publicly listed in Thailand and also trades over the counter under the AVIFY ticker.

Beyond core mobile services, AIS has expanded into fixed broadband and digital platforms.