ASA International Group (LON:ASAI) Shares Up 1% – Should You Buy?

ASA International Group PLC (LON:ASAI)’s stock price rose 1% during trading on Friday . The stock traded as high as GBX 204 and last traded at GBX 193.88. Approximately 32,220 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 43,549 shares. The stock had previously closed at GBX 192.

ASA International Group Trading Up 1.0%

The stock has a fifty day simple moving average of GBX 185.02 and a 200-day simple moving average of GBX 162.59. The company has a market capitalization of £190.76 million, a PE ratio of 4.62 and a beta of 1.69.

Insider Activity at ASA International Group

In related news, insider Rob Keijsers bought 2,251 shares of ASA International Group stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of GBX 175 per share, with a total value of £3,939.25. Also, insider Hanny Johanna Kemna bought 80,000 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average price of GBX 150 per share, for a total transaction of £120,000. Insiders bought 208,871 shares of company stock worth $31,585,525 over the last quarter. Company insiders own 3.27% of the company’s stock.

About ASA International Group

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.