ASA International Group (LON:ASAI) Stock Price Up 6.2% – Time to Buy?

Shares of ASA International Group PLC (LON:ASAI) rose 6.2% during trading on Wednesday . The company traded as high as GBX 258 and last traded at GBX 257. Approximately 45,190 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 64,867 shares. The stock had previously closed at GBX 242.

ASA International Group Trading Up 6.2%

The firm’s fifty day simple moving average is GBX 248.02 and its 200 day simple moving average is GBX 222.09. The stock has a market capitalization of £251.37 million, a P/E ratio of 4.51 and a beta of 2.01. The company has a debt-to-equity ratio of 260.90, a quick ratio of 1.62 and a current ratio of 0.86.

About ASA International Group

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.