ASA International Group (LON:ASAI) Stock Falls 3% – Time to Sell?

Shares of ASA International Group PLC (LON:ASAI) were down 3% during mid-day trading on Wednesday. The company traded as low as GBX 224 and last traded at GBX 228. Approximately 16,549 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 64,158 shares. The stock had previously closed at GBX 235.

ASA International Group Stock Down 1.3%

The company has a market capitalization of £221.05 million, a P/E ratio of 3.96 and a beta of 2.02. The company has a debt-to-equity ratio of 226.07, a current ratio of 1.02 and a quick ratio of 1.62. The company has a 50 day moving average of GBX 241.12 and a 200-day moving average of GBX 226.16.

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.