Advanced Info Service Public (OTCMKTS:AVIFY) Shares Gap Up – Still a Buy?

Advanced Info Service Public Co. (OTCMKTS:AVIFY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $9.9650, but opened at $10.20. Advanced Info Service Public shares last traded at $10.20, with a volume of 416 shares traded.

Advanced Info Service Public Stock Performance

The stock has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $11.11. The stock has a market cap of $29.90 billion, a P/E ratio of 17.96 and a beta of 0.07. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 2.37.

Advanced Info Service Public (OTCMKTS:AVIFY) last issued its quarterly earnings results on Friday, August 7th. The technology company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate 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.