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

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

ASA International Group Stock Performance

The stock has a market cap of £276.80 million, a PE ratio of 4.96 and a beta of 2.01. The company has a debt-to-equity ratio of 260.90, a current ratio of 0.86 and a quick ratio of 1.62. The stock has a 50-day simple moving average of GBX 217.62 and a 200-day simple moving average of GBX 209.97.

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.