ASA International Group (LON:ASAI) Stock Price Up 2% – What’s Next?

ASA International Group PLC (LON:ASAI) shares rose 2% during mid-day trading on Wednesday . The company traded as high as GBX 202 and last traded at GBX 200. Approximately 40,843 shares changed hands during trading, a decline of 31% from the average daily volume of 59,459 shares. The stock had previously closed at GBX 196.

ASA International Group Stock Performance

The stock has a market cap of £195.62 million, a P/E ratio of 3.51 and a beta of 2.00. The company has a quick ratio of 1.62, a current ratio of 0.86 and a debt-to-equity ratio of 260.90. The stock has a fifty day simple moving average of GBX 201.45 and a 200-day simple moving average of GBX 201.42.

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.