ASA International Group (LON:ASAI) Stock Price Down 4.3% - Time to Sell?

Shares of ASA International Group PLC (LON:ASAI - Get Free Report) dropped 4.3% on Friday . The company traded as low as GBX 83.50 ($1.04) and last traded at GBX 83.50 ($1.04). Approximately 1,341 shares traded hands during trading, a decline of 92% from the average daily volume of 16,175 shares. The stock had previously closed at GBX 87.25 ($1.09).

ASA International Group Price Performance

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 has a market cap of £83.50 million, a P/E ratio of 596.43 and a beta of 1.69. The company's fifty day simple moving average is GBX 81.85 and its 200-day simple moving average is GBX 78.65.

ASA International Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Thursday, December 12th were paid a $0.03 dividend. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 3.63%. ASA International Group's dividend payout ratio is presently 4,285.71%.

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.