Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.53 and traded as high as $11.79. Altisource Portfolio Solutions shares last traded at $11.50, with a volume of 13,977 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.
Get Our Latest Research Report on ASPS
Altisource Portfolio Solutions Price Performance
The firm's 50 day moving average price is $11.45 and its 200-day moving average price is $8.53. The stock has a market cap of $126.39 million, a P/E ratio of -2.64 and a beta of 0.30.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its earnings results on Thursday, July 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $40.79 million during the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd lifted its stake in shares of Altisource Portfolio Solutions by 306.4% in the first quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after buying an additional 60,933 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Altisource Portfolio Solutions during the first quarter valued at approximately $214,000. Nantahala Capital Management LLC lifted its position in 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Altisource Portfolio Solutions in the first quarter worth approximately $13,442,000. Institutional investors 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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