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ASA International Executives Increase Personal Stakes with Share Purchases

Story Highlights
  • ASA International’s CEO and chief legal officer purchased additional ordinary shares.
  • The insider buying signals senior management’s confidence in ASA International’s prospects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ASA International Executives Increase Personal Stakes with Share Purchases

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ASA International Group PLC ( (GB:ASAI) ) has provided an announcement.

ASA International Group plc has disclosed that Chief Executive Officer and Executive Director Rob Keijsers and Chief Legal Officer and PDMR Martijn Bollen have purchased additional ordinary shares in the company on the London Stock Exchange. The insider share purchases, executed on 29 January at a price of £2.10 per share, signal increased personal investment by senior management and may be interpreted by investors as a sign of confidence in the microfinance group’s prospects and ongoing commitment to its business and stakeholders.

The most recent analyst rating on (GB:ASAI) stock is a Buy with a £222.00 price target. To see the full list of analyst forecasts on ASA International Group PLC stock, see the GB:ASAI Stock Forecast page.

Spark’s Take on GB:ASAI Stock

According to Spark, TipRanks’ AI Analyst, GB:ASAI is a Neutral.

The score is held back primarily by below-average financial performance driven by high leverage and negative recent operating/free cash flow. Offsetting this, the stock shows constructive technical trend strength and stands out on valuation with a low P/E and solid dividend yield.

To see Spark’s full report on GB:ASAI stock, click here.

More about ASA International Group PLC

ASA International Group plc (LSE: ASAI) is one of the world’s largest international microfinance institutions, focused on financial inclusion and socioeconomic development. The company provides small, socially responsible loans to low-income, financially underserved entrepreneurs, predominantly women, across South Asia, South East Asia, and West and East Africa.

Average Trading Volume: 52,734

Technical Sentiment Signal: Buy

Current Market Cap: £199.5M

See more data about ASAI stock on TipRanks’ Stock Analysis page.

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