ASA International Group (LON:ASAI) Stock Price Up 6.2% – Should You Buy?

Shares of ASA International Group PLC (LON:ASAI) were up 6.2% on Wednesday . The stock traded as high as GBX 258 and last traded at GBX 257. 45,190 shares changed hands during trading, a decline of 30% from the average session volume of 64,867 shares. The stock had previously closed at GBX 242.

ASA International Group Price Performance

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’s fifty day moving average is GBX 249.26 and its 200-day moving average is GBX 222.26. The stock has a market cap of £238.65 million, a PE ratio of 4.28 and a beta of 2.01.

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.