ASA International Group (LON:ASAI) Trading Up 2.5% – Still a Buy?

ASA International Group PLC (LON:ASAIGet Free Report) shares were up 2.5% during trading on Thursday . The stock traded as high as GBX 79.50 ($1.00) and last traded at GBX 77.65 ($0.98). Approximately 2,198 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 24,551 shares. The stock had previously closed at GBX 75.75 ($0.95).

ASA International Group Stock Performance

The company has a market cap of £78 million, a price-to-earnings ratio of 557.14 and a beta of 1.69. The company has a current ratio of 1.25, a quick ratio of 1.62 and a debt-to-equity ratio of 366.20. The stock’s 50 day moving average price is GBX 69.21 and its 200 day moving average price is GBX 76.98.

ASA International Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Thursday, December 12th were given a dividend of $0.03 per share. This represents a yield of 3.63%. The ex-dividend date was Thursday, December 12th. ASA International Group’s dividend payout ratio (DPR) is 4,285.71%.

About ASA International Group

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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.

Further Reading

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