Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.62 and traded as high as $9.25. Altisource Portfolio Solutions shares last traded at $8.53, with a volume of 26,041 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen assumed coverage on shares of Altisource Portfolio Solutions in a research report on Wednesday, May 21st. They issued a "sell" rating for the company.
Read Our Latest Stock Analysis on ASPS
Altisource Portfolio Solutions Trading Up 0.7%
The business's 50 day moving average price is $7.82 and its 200-day moving average price is $6.71. The company has a market cap of $109.03 million, a price-to-earnings ratio of -1.20 and a beta of 0.18.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported ($0.16) earnings per share (EPS) for the quarter.
Institutional Trading of Altisource Portfolio Solutions
A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Altisource Portfolio Solutions by 8.9% during 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 last quarter. XTX Topco Ltd raised its stake in Altisource Portfolio Solutions by 306.4% in the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after purchasing an additional 60,933 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Altisource Portfolio Solutions in the 1st quarter worth about $214,000. Nantahala Capital Management LLC raised its stake in 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 worth $1,687,000 after purchasing an additional 349,028 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Altisource Portfolio Solutions in the 4th quarter worth about $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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