Altisource Portfolio Solutions (NASDAQ:ASPS) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Altisource Portfolio Solutions' stock price has surpassed its 200-day moving average of $7.70, reaching a high of $13.00 before last trading at $11.40.
• Wall Street analysts have upgraded Altisource from a "hold" rating to a "buy" rating", signaling increased confidence in the company's future performance.
• The company's earnings report revealed an EPS of $0.14 for the last quarter with total revenue of $40.79 million.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.70 and traded as high as $13.00. Altisource Portfolio Solutions shares last traded at $11.40, with a volume of 25,324 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

Altisource Portfolio Solutions Price Performance

The stock has a market capitalization of $119.02 million, a PE ratio of -2.48 and a beta of 0.23. The firm has a fifty day moving average price of $10.24 and a two-hundred day moving average price of $7.78.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $0.14 earnings per share for the quarter. The business had revenue of $40.79 million for the quarter.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Several large investors have recently added to or reduced their stakes in ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Altisource Portfolio Solutions during the first quarter valued at approximately $13,442,000. Nantahala Capital Management LLC boosted its holdings in shares of Altisource Portfolio Solutions by 16.4% in the 1st quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider's stock valued at $1,687,000 after buying an additional 349,028 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Altisource Portfolio Solutions in the 1st quarter worth approximately $214,000. XTX Topco Ltd raised its stake in shares of Altisource Portfolio Solutions by 306.4% during the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after acquiring an additional 60,933 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Altisource Portfolio Solutions during the fourth quarter valued at approximately $302,000. 41.36% of the stock is owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions Company Profile

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.