Advanced Info Service Public (OTCMKTS:AVIFY) Shares Down 8.5% – Time to Sell?

Advanced Info Service Public Co. (OTCMKTS:AVIFY)’s stock price was down 8.5% during trading on Monday. The company traded as low as $9.31 and last traded at $9.31. 2,852 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 4,626 shares. The stock had previously closed at $10.18.

Advanced Info Service Public Stock Performance

The business’s fifty day moving average price is $11.05 and its two-hundred day moving average price is $11.17. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market capitalization of $29.22 billion, a P/E ratio of 17.54 and a beta of 0.04.

Advanced Info Service Public (OTCMKTS:AVIFY) last announced its quarterly earnings results on Friday, August 7th. The technology company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The firm 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 (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.