Altisource Portfolio Solutions (NASDAQ:ASPS) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

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 Stock Up 0.7%

The company has a market cap of $125.29 million, a P/E ratio of -2.61 and a beta of 0.23. The business's 50 day moving average is $9.94 and its 200 day moving average is $7.70.

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

Institutional Investors Weigh In On Altisource Portfolio Solutions

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd lifted its holdings 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 valued at $55,000 after purchasing an additional 60,933 shares during the last quarter. Geode Capital Management LLC raised its stake in Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock valued at $131,000 after buying an additional 16,390 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Altisource Portfolio Solutions in the first quarter worth about $214,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions during the fourth quarter worth about $302,000. Finally, Nantahala Capital Management LLC increased its holdings in shares of Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider's stock valued at $1,399,000 after acquiring an additional 1,037,275 shares in the last quarter. 41.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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