ASA International Group (LON:ASAI) Trading Up 2.5% – Here’s What Happened

Posted by Thomas Dobrow on Dec 28th, 2024

ASA International Group PLC (LON:ASAI – Get Free Report) rose 2.5% 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 traded 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 Price Performance

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

ASA International Group Cuts Dividend

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

About ASA International Group

(Get Free Report)

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.