Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.29 and traded as high as $15.96. Altisource Portfolio Solutions shares last traded at $12.35, with a volume of 63,101 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Altisource Portfolio Solutions to a "hold" rating in a research note on Saturday, July 12th.
Read Our Latest Stock Analysis on ASPS
Altisource Portfolio Solutions Price Performance
The company has a market capitalization of $131.92 million, a price-to-earnings ratio of -1.44 and a beta of 0.18. The stock has a 50-day moving average price of $9.37 and a 200-day moving average price of $7.45.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The business services provider reported $0.14 earnings per share for the quarter. The firm had revenue of $40.79 million for the quarter.
Hedge Funds Weigh In On Altisource Portfolio Solutions
Several large investors have recently bought and sold shares of ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Altisource Portfolio Solutions in the first quarter worth approximately $13,442,000. Nantahala Capital Management LLC boosted 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 valued at $1,399,000 after buying an additional 1,037,275 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at approximately $302,000. Jefferies Financial Group Inc. purchased a new position in shares of Altisource Portfolio Solutions during the first quarter valued at approximately $214,000. Finally, XTX Topco Ltd boosted 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 last quarter. 41.36% of the stock is currently owned by 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.
Featured Articles
Before you consider Altisource Portfolio Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altisource Portfolio Solutions wasn't on the list.
While Altisource Portfolio Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
