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

ASA International Group PLC (LON:ASAI)’s stock price traded down 3% on Wednesday. The stock traded as low as GBX 224 and last traded at GBX 228. Approximately 16,549 shares were traded during 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 Trading Down 3.0%

The company has a debt-to-equity ratio of 226.07, a current ratio of 1.02 and a quick ratio of 1.62. The company has a market cap of £223.00 million, a price-to-earnings ratio of 4.00 and a beta of 2.02. The business’s 50-day simple moving average is GBX 241.90 and its 200-day simple moving average is GBX 226.04.

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.