Altisource Portfolio Solutions (NASDAQ:ASPS) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Altisource Portfolio Solutions' stock recently crossed above its 200-day moving average of $9.32, reaching a high of $13.39 before closing at $13.28 with a trading volume of 29,645 shares.
• The company reported $0.14 earnings per share and revenue of $40.79 million for the last quarter, with a market capitalization of approximately $145.95 million.
• Analysts have mixed ratings for ASPS, with Wall Street Zen upgrading the stock from "hold" to "buy," while Weiss Ratings maintained a "sell" rating, leading to a current consensus rating of "Sell."

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.32 and traded as high as $13.39. Altisource Portfolio Solutions shares last traded at $13.28, with a volume of 29,645 shares.

Analyst Ratings Changes

ASPS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Altisource Portfolio Solutions in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

Altisource Portfolio Solutions Stock Up 2.2%

The stock has a market capitalization of $145.95 million, a P/E ratio of -3.05 and a beta of 0.37. The business's 50 day simple moving average is $11.36 and its two-hundred day simple moving average is $9.32.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last released its quarterly earnings data 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 during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Altisource Portfolio Solutions in the first quarter valued at $13,442,000. Nantahala Capital Management LLC lifted 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 valued at $1,687,000 after purchasing an additional 349,028 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Altisource Portfolio Solutions during the first quarter valued at about $214,000. Finally, XTX Topco Ltd lifted 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 valued at $55,000 after purchasing an additional 60,933 shares in the last quarter. 41.36% of the stock is owned by institutional investors.

About Altisource Portfolio Solutions

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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