ASA International Group (LON:ASAI) Stock Jumps 0.8% – Time to Buy?

ASA International Group PLC (LON:ASAI – Get Free Report) shares rose 0.8% during mid-day trading on Wednesday. The company traded as high as GBX 251 and last traded at GBX 246. 20,135 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 60,732 shares. The stock had previously closed at GBX 244.

ASA International Group Stock Performance

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 firm has a market capitalization of £240.61 million, a price-to-earnings ratio of 3.32 and a beta of 2.02. The firm’s fifty day moving average is GBX 239.78 and its 200 day moving average is GBX 230.95.

ASA International Group Company Profile

(Get Free Report)

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.

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