ASA International Group (LON:ASAI) Trading 1.8% Higher – Here’s Why

Shares of ASA International Group PLC (LON:ASAI) traded up 1.8% during trading on Wednesday . The company traded as high as GBX 289 and last traded at GBX 283. Approximately 41,464 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 68,293 shares. The stock had previously closed at GBX 278.

ASA International Group Trading Up 1.8%

The business’s 50-day moving average is GBX 217.62 and its two-hundred day moving average is GBX 209.97. The company has a current ratio of 0.86, a quick ratio of 1.62 and a debt-to-equity ratio of 260.90. The stock has a market capitalization of £276.80 million, a PE ratio of 4.96 and a beta of 2.01.

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.