ASA International Group (LON:ASAI) Stock Price Up 2% – Should You Buy?

ASA International Group PLC (LON:ASAI)’s stock price rose 2% during mid-day trading on Wednesday . The stock traded as high as GBX 202 and last traded at GBX 200. Approximately 40,843 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 59,459 shares. The stock had previously closed at GBX 196.

ASA International Group Stock Performance

The stock has a market capitalization of £195.62 million, a PE ratio of 3.51 and a beta of 2.00. The company has a quick ratio of 1.62, a current ratio of 0.86 and a debt-to-equity ratio of 260.90. The firm has a 50 day moving average price of GBX 201.69 and a 200-day moving average price of GBX 201.34.

ASA International Group Company Profile

ASA International is one of the world’s largest international microfinance institutions, providing small, socially responsible financial services to low-income entrepreneurs, most of whom are women, across Asia and Africa. The company’s purpose is to reduce poverty and enable female empowerment through its mission of enhancing socio-economic progress of low-income entrepreneurs by increasing financial inclusion.

As at 31 December 2023, ASA International served 2.3m million clients in 13 countries, with 2,016 branches and 13,433 staff.