ASA International Group (LON:ASAI) Trading Down 6.5% - Should You Sell?

Key Points

• ASA International Group shares fell by 6.5% during mid-day trading, closing at GBX 131.50 ($1.77), with a significant drop in trading volume compared to its average session.
• The company has a market capitalization of £167.23 million, a notably low P/E ratio of 0.35, and a beta of 1.69, indicating higher volatility.
• ASA International is a leading microfinance institution, serving 2.3 million clients across 13 countries, emphasizing social responsibility and female empowerment.

ASA International Group PLC (LON:ASAI - ) shares fell 6.5% during mid-day trading on Tuesday . The company traded as low as GBX 131.50 ($1.77) and last traded at GBX 131.50 ($1.77). 1,650 shares were traded during trading, a decline of 96% from the average session volume of 37,790 shares. The stock had previously closed at GBX 140.64 ($1.90).

ASA International Group Stock Down 6.5%

The firm has a market capitalization of £167.23 million, a P/E ratio of 0.35 and a beta of 1.69. The business has a 50-day moving average price of GBX 139.04 and a 200-day moving average price of GBX 117.81.

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.

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