ASA International Group (LON:ASAI) Shares Up 3.7% – Should You Buy?

Shares of ASA International Group PLC (LON:ASAI) shot up 3.7% during trading on Tuesday . The stock traded as high as GBX 196 and last traded at GBX 194. 35,305 shares were traded during trading, a decline of 38% from the average session volume of 56,914 shares. The stock had previously closed at GBX 187.

ASA International Group Trading Up 3.7%

The company has a market cap of £190.88 million, a price-to-earnings ratio of 4.62 and a beta of 1.92. The firm’s 50-day moving average price is GBX 210.16 and its 200 day moving average price is GBX 196.42.

Insider Activity at ASA International Group

In related news, insider Rob Keijsers acquired 4,100 shares of ASA International Group stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of GBX 210 per share, with a total value of £8,610. Also, insider Geert Embrechts acquired 5,500 shares of ASA International Group stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of GBX 212 per share, with a total value of £11,660. Company insiders own 3.28% of the company’s stock.

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.