ASA International Group (LON:ASAI) Shares Down 3% – Here’s What Happened

ASA International Group PLC (LON:ASAI) fell 3% on Wednesday. The stock traded as low as GBX 224 and last traded at GBX 228. Approximately 16,549 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 64,158 shares. The stock had previously closed at GBX 235.

ASA International Group Stock Performance

The firm has a fifty day moving average of GBX 241.90 and a 200-day moving average of GBX 226.04. The stock has a market capitalization of £223.00 million, a price-to-earnings ratio of 4.00 and a beta of 2.02. The company has a quick ratio of 1.62, a current ratio of 1.02 and a debt-to-equity ratio of 226.07.

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.