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ASA International Group (LON:ASAI) Trading 11.1% Higher - Still a Buy?

ASA International Group logo with Financial Services background

Key Points

  • ASA International Group's shares surged by 11.1%, reaching a trading high of GBX 228 ($3.08) before closing at GBX 190 ($2.57), with trading volume increasing by 899% compared to the average.
  • The company holds a market capitalization of £192.84 million and features an exceedingly high price-to-earnings ratio of 675.86.
  • ASA International is a leading microfinance institution, serving 2.3 million clients across 13 countries, focusing on empowering low-income entrepreneurs, particularly women.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of ASA International Group PLC (LON:ASAI - Get Free Report) rose 11.1% during trading on Wednesday . The company traded as high as GBX 228 ($3.08) and last traded at GBX 190 ($2.57). Approximately 381,336 shares were traded during trading, an increase of 899% from the average daily volume of 38,159 shares. The stock had previously closed at GBX 171 ($2.31).

ASA International Group Trading Up 14.6%

The firm's fifty day simple moving average is GBX 135.23 and its two-hundred day simple moving average is GBX 124.90. The company has a market capitalization of £192.84 million, a price-to-earnings ratio of 675.86 and a beta of 1.69.

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.

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