Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.09 and traded as high as $12.54. Altisource Portfolio Solutions shares last traded at $11.66, with a volume of 92,069 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.
Get Our Latest Stock Analysis on Altisource Portfolio Solutions
Altisource Portfolio Solutions Stock Performance
The stock has a market capitalization of $128.11 million, a P/E ratio of -2.67 and a beta of 0.30. The stock has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $9.09.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last released its earnings results 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.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ASPS. XTX Topco Ltd grew its position in shares of Altisource Portfolio Solutions by 306.4% during the 1st 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 during the period. Jefferies Financial Group Inc. bought a new position in Altisource Portfolio Solutions in the first quarter valued at approximately $214,000. Nantahala Capital Management LLC boosted its stake 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 valued at $1,687,000 after acquiring an additional 349,028 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Altisource Portfolio Solutions during the 1st quarter worth $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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
