ASA International Group (LON:ASAI) Trading 15.4% Higher – Here’s What Happened

Shares of ASA International Group PLC (LON:ASAIGet Free Report) traded up 15.4% during mid-day trading on Thursday . The stock traded as high as GBX 205.82 and last traded at GBX 202. 360,330 shares traded hands during trading, an increase of 751% from the average session volume of 42,335 shares. The stock had previously closed at GBX 175.

ASA International Group Price Performance

The company’s fifty day simple moving average is GBX 184.02 and its 200 day simple moving average is GBX 157.48. The firm has a market capitalization of £198.75 million, a PE ratio of 4.81 and a beta of 1.69.

Insider Activity at ASA International Group

In related news, insider Rob Keijsers acquired 2,251 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of GBX 175 per share, for a total transaction of £3,939.25. Also, insider Hanny Johanna Kemna bought 80,000 shares of ASA International Group stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of GBX 150 per share, with a total value of £120,000. Insiders have bought a total of 208,871 shares of company stock worth $31,585,525 over the last ninety days. Insiders own 3.27% of the company’s stock.

About ASA International Group

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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.

Further Reading

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