Advanced Info Service Public (OTCMKTS:AVIFY) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Advanced Info Service Public Co. (OTCMKTS:AVIFY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.39 and traded as high as $9.75. Advanced Info Service Public shares last traded at $9.10, with a volume of 2,037 shares trading hands.

Advanced Info Service Public Price Performance

The firm has a market cap of $27.06 billion, a P/E ratio of 23.95 and a beta of 0.27. The stock’s 50-day simple moving average is $9.39 and its two-hundred day simple moving average is $9.07.

Advanced Info Service Public (OTCMKTS:AVIFY) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $55.34 billion.

Advanced Info Service Public Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were issued a $0.149 dividend. This represents a dividend yield of 292.0%. The ex-dividend date was Wednesday, August 20th. Advanced Info Service Public’s dividend payout ratio is presently 78.95%.

About Advanced Info Service Public

Advanced Info Service Public Company Limited, together its subsidiaries, provides communication products and services primarily in Thailand. It is involved in the operation of cellular telephone networks, networks, and telecommunication and internet services. The company also distributes handsets; cash cards and electronic payment services; and internet equipment.