Altisource Portfolio Solutions SA (ASPS) Sees Unusually-High Trading Volume
Altisource Portfolio Solutions SA (NASDAQ:ASPS) saw strong trading volume on Friday . 584,671 shares changed hands during trading, an increase of 8% from the previous session’s volume of 543,880 shares.The stock last traded at $24.64 and had previously closed at $26.02.
Several equities analysts have recently issued reports on ASPS shares. Zacks Investment Research cut Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Piper Jaffray Cos. cut Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $24.00 to $16.00 in a report on Monday, May 2nd.
The company has a market capitalization of $460.68 million and a price-to-earnings ratio of 9.02. The stock’s 50-day moving average is $27.22 and its 200 day moving average is $27.13.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.10. The firm earned $241.30 million during the quarter, compared to analyst estimates of $239.10 million. During the same quarter in the prior year, the firm posted $2.22 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts expect that Altisource Portfolio Solutions SA will post $6.02 earnings per share for the current year.
In other Altisource Portfolio Solutions SA news, insider Kevin James Wilcox purchased 1,700 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were bought at an average cost of $29.36 per share, for a total transaction of $49,912.00. Following the completion of the purchase, the insider now directly owns 55,010 shares in the company, valued at $1,615,093.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently raised its position in Altisource Portfolio Solutions SA stock. Dimensional Fund Advisors LP raised its position in shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 289,688 shares of the company’s stock after buying an additional 3,369 shares during the period. Dimensional Fund Advisors LP owned 1.50% of Altisource Portfolio Solutions SA worth $8,056,000 at the end of the most recent reporting period.
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.
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