ASA International Group (LON:ASAI) Stock Price Up 4.8% – Here’s Why

ASA International Group PLC (LON:ASAI) shares rose 4.8% during mid-day trading on Monday . The stock traded as high as GBX 87.50 ($1.11) and last traded at GBX 87.50 ($1.11). Approximately 1,327 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 13,088 shares. The stock had previously closed at GBX 83.50 ($1.06).

ASA International Group Stock Up 4.8 %

The company has a market cap of £111.28 million, a PE ratio of 0.23 and a beta of 1.69. The firm has a 50 day simple moving average of GBX 87 and a 200-day simple moving average of GBX 78.75.

ASA International Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Thursday, December 12th were issued a $0.03 dividend. This represents a yield of 3.63%. The ex-dividend date of this dividend was Thursday, December 12th. ASA International Group’s dividend payout ratio is presently 1.59%.

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.