Altisource Portfolio Solutions (NASDAQ:ASPS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.36 and traded as high as $9.50. Altisource Portfolio Solutions shares last traded at $9.14, with a volume of 48,863 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Altisource Portfolio Solutions in a report on Wednesday, May 21st. They set a “sell” rating for the company.

Altisource Portfolio Solutions Trading Up 12.8%

The company has a market cap of $101.63 million, a price-to-earnings ratio of -6.44 and a beta of 0.03. The firm’s 50-day moving average price is $6.87 and its 200 day moving average price is $6.36.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported ($0.16) EPS for the quarter.

Insider Transactions at Altisource Portfolio Solutions

In other Altisource Portfolio Solutions news, CEO William B. Shepro purchased 26,312 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was acquired at an average price of $3.84 per share, for a total transaction of $101,038.08. Following the purchase, the chief executive officer now owns 38,812 shares of the company’s stock, valued at $149,038.08. This trade represents a 210.50% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Trading of Altisource Portfolio Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Altisource Portfolio Solutions by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 16,390 shares in the last quarter. Nantahala Capital Management LLC increased its stake in Altisource Portfolio Solutions by 95.1% during the 4th quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 1,037,275 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Altisource Portfolio Solutions during the 4th quarter valued at $302,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Altisource Portfolio Solutions during the 1st quarter valued at $13,442,000. Finally, XTX Topco Ltd increased its stake in 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 valued at $55,000 after purchasing an additional 60,933 shares in the last quarter. Institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Company Profile

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.