ASA International Group (LON:ASAI) Shares Up 2.5% - Here's What Happened

ASA International Group PLC (LON:ASAI - Get Free Report)'s share price shot up 2.5% on Thursday . The stock traded as high as GBX 79.50 ($1.00) and last traded at GBX 77.65 ($0.97). 2,198 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 24,551 shares. The stock had previously closed at GBX 75.75 ($0.95).

ASA International Group Trading Up 2.5 %

The company has a quick ratio of 1.62, a current ratio of 1.25 and a debt-to-equity ratio of 366.20. The business has a 50-day simple moving average of GBX 68.87 and a 200-day simple moving average of GBX 76.97. The company has a market cap of £77.65 million, a PE ratio of 554.64 and a beta of 1.69.

ASA International Group Cuts Dividend

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

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