Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.82 and traded as high as $11.99. Altisource Portfolio Solutions shares last traded at $11.67, with a volume of 97,050 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen began coverage on Altisource Portfolio Solutions in a report on Wednesday, May 21st. They issued a "sell" rating on the stock.
Check Out Our Latest Stock Analysis on Altisource Portfolio Solutions
Altisource Portfolio Solutions Price Performance
The business has a fifty day moving average of $7.95 and a 200 day moving average of $6.82. The stock has a market cap of $150.11 million, a price-to-earnings ratio of -1.65 and a beta of 0.18.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.16) EPS for the quarter.
Institutional Investors Weigh In On Altisource Portfolio Solutions
Several hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Altisource Portfolio Solutions in the first quarter valued at approximately $13,442,000. Nantahala Capital Management LLC lifted its position in Altisource Portfolio Solutions by 16.4% in the first 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 during the period. Jefferies Financial Group Inc. bought a new position in Altisource Portfolio Solutions in the first quarter worth $214,000. XTX Topco Ltd lifted its position in 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 purchasing an additional 60,933 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Altisource Portfolio Solutions during the fourth quarter worth $302,000. 41.36% of the stock is owned by institutional investors.
Altisource Portfolio Solutions Company Profile
(
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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