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

Altisource Portfolio Solutions logo with Finance background

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.84 and traded as high as $0.85. Altisource Portfolio Solutions shares last traded at $0.82, with a volume of 54,075 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Altisource Portfolio Solutions in a research report on Saturday. They set a "sell" rating for the company.

Get Our Latest Stock Report on Altisource Portfolio Solutions

Altisource Portfolio Solutions Price Performance

The company's 50-day simple moving average is $0.78 and its two-hundred day simple moving average is $0.84. The firm has a market capitalization of $70.33 million, a P/E ratio of -0.57 and a beta of 0.47.

Insider Activity at Altisource Portfolio Solutions

In other news, CEO William B. Shepro bought 210,498 shares of the firm's stock in a transaction on Friday, March 28th. The shares were bought at an average price of $0.48 per share, for a total transaction of $101,039.04. Following the purchase, the chief executive officer now owns 310,498 shares in the company, valued at approximately $149,039.04. The trade was a 210.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Trading of Altisource Portfolio Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of ASPS. Geode Capital Management LLC boosted its holdings in Altisource Portfolio Solutions by 8.9% in the 4th 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. Integrated Wealth Concepts LLC bought a new position in shares of Altisource Portfolio Solutions in the fourth quarter worth about $302,000. Finally, Nantahala Capital Management LLC grew its position 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 worth $1,399,000 after purchasing an additional 1,037,275 shares in the last quarter. 41.36% of the stock is owned by hedge funds and other institutional investors.

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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