ASA International Group (LON:ASAI) Shares Down 4.3% – Should You Sell?

Shares of ASA International Group PLC (LON:ASAI) dropped 4.3% on Friday . The stock 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 mid-day trading, a decline of 92% from the average daily volume of 16,175 shares. The stock had previously closed at GBX 87.25 ($1.08).

ASA International Group Stock Down 4.3 %

The company has a debt-to-equity ratio of 366.20, a current ratio of 1.25 and a quick ratio of 1.62. The firm’s 50 day moving average price is GBX 81.06 and its two-hundred day moving average price is GBX 78.70. The firm has a market cap of £83.50 million, a price-to-earnings ratio of 596.43 and a beta of 1.69.

ASA International Group Cuts Dividend

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