ASA International Group (LON:ASAI) Stock Price Down 2% – Here’s What Happened

ASA International Group PLC (LON:ASAI) traded down 2% during trading on Tuesday . The company traded as low as GBX 192 and last traded at GBX 192. 54,011 shares changed hands during mid-day trading, an increase of 87% from the average session volume of 28,855 shares. The stock had previously closed at GBX 196.

ASA International Group Price Performance

The company has a market cap of £188.91 million, a price-to-earnings ratio of 4.57 and a beta of 1.69. The business’s 50-day simple moving average is GBX 189.46 and its 200-day simple moving average is GBX 167.98.

Insider Activity at ASA International Group

In related news, insider Hanny Johanna Kemna acquired 80,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of GBX 150 per share, for a total transaction of £120,000. Also, insider Rob Keijsers bought 120,000 shares of ASA International Group stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of GBX 150 per share, for a total transaction of £180,000. Insiders have purchased a total of 208,871 shares of company stock valued at $31,585,525 over the last 90 days. Insiders own 3.27% 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.