Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.90 and traded as high as $10.85. Altisource Portfolio Solutions shares last traded at $10.51, with a volume of 7,052 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.
View Our Latest Research Report on Altisource Portfolio Solutions
Altisource Portfolio Solutions Price Performance
The firm has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $8.00. The company has a market cap of $115.29 million, a price-to-earnings ratio of -2.41 and a beta of 0.23.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its earnings results on Thursday, July 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $40.79 million for the quarter.
Institutional Investors Weigh In On Altisource Portfolio Solutions
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASPS. Geode Capital Management LLC boosted its position in shares of Altisource Portfolio Solutions by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock worth $131,000 after buying an additional 16,390 shares during the period. XTX Topco Ltd boosted its position in shares of Altisource Portfolio Solutions by 306.4% during the first quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after buying an additional 60,933 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Altisource Portfolio Solutions during the first quarter worth $214,000. Nantahala Capital Management LLC boosted its position in shares of Altisource Portfolio Solutions by 16.4% during the first quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider's stock worth $1,687,000 after buying an additional 349,028 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions during the fourth quarter worth $302,000. Institutional investors and hedge funds own 41.36% of the company's stock.
About Altisource Portfolio Solutions
(
Get Free Report)
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.
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