ASA International Group (LON:ASAI) Stock Price Up 2.8% – Time to Buy?

ASA International Group PLC (LON:ASAI) rose 2.8% during mid-day trading on Thursday . The stock traded as high as GBX 149 ($2.01) and last traded at GBX 149 ($2.01). Approximately 2,374 shares traded hands during trading, a decline of 94% from the average daily volume of 36,988 shares. The stock had previously closed at GBX 145 ($1.95).

ASA International Group Stock Up 2.8%

The business’s 50 day simple moving average is GBX 127.07 and its 200 day simple moving average is GBX 98.75. The company has a market capitalization of £189.49 million, a PE ratio of 0.39 and a beta of 1.69.

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.