Altisource Portfolio Solutions (NASDAQ:ASPS) Share Price Passes Above 200-Day Moving Average of $11.48

Altisource Portfolio Solutions S.A. (NASDAQ:ASPSGet Rating)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.48 and traded as high as $17.40. Altisource Portfolio Solutions shares last traded at $15.80, with a volume of 138,292 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research report on Friday, November 4th.

Altisource Portfolio Solutions Price Performance

The stock’s fifty day moving average price is $11.98 and its 200-day moving average price is $11.48. The firm has a market cap of $254.74 million, a PE ratio of 8.83 and a beta of 1.08.

Institutional Trading of Altisource Portfolio Solutions

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Altisource Portfolio Solutions by 40.3% in the third quarter. Dimensional Fund Advisors LP now owns 20,215 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 5,810 shares during the last quarter. UBS Group AG grew its holdings in Altisource Portfolio Solutions by 1,199.4% in the 3rd quarter. UBS Group AG now owns 2,053 shares of the business services provider’s stock valued at $27,000 after buying an additional 1,895 shares during the period. Prelude Capital Management LLC purchased a new stake in shares of Altisource Portfolio Solutions during the 2nd quarter worth about $108,000. Deer Park Road Corp grew its holdings in shares of Altisource Portfolio Solutions by 0.5% during the 2nd quarter. Deer Park Road Corp now owns 3,795,524 shares of the business services provider’s stock worth $40,764,000 after purchasing an additional 17,305 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Altisource Portfolio Solutions by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 632,722 shares of the business services provider’s stock worth $6,795,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 35.46% of the company’s stock.

About Altisource Portfolio Solutions

(Get Rating)

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform.

Further Reading

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