Altisource Asset Management (NYSE:AAMC) Stock Price Down 2.1%

Altisource Asset Management Co. (NYSE:AAMC) was down 2.1% on Tuesday . The company traded as low as $3.13 and last traded at $3.18. Approximately 2,470 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 24,526 shares. The stock had previously closed at $3.25.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Altisource Asset Management in a report on Wednesday, January 24th. They issued a “sell” rating for the company.

Altisource Asset Management Stock Performance

The company has a market capitalization of $8.11 million, a price-to-earnings ratio of -0.35 and a beta of 1.40. The stock’s fifty day simple moving average is $3.73 and its two-hundred day simple moving average is $4.28.

Altisource Asset Management (NYSE:AAMC) last issued its quarterly earnings results on Friday, March 29th. The company reported ($4.36) earnings per share for the quarter. The business had revenue of $0.06 million for the quarter.

Hedge Funds Weigh In On Altisource Asset Management

A hedge fund recently bought a new stake in Altisource Asset Management stock. Deuterium Capital Management LLC purchased a new stake in shares of Altisource Asset Management Co. (NYSE:AAMC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,902 shares of the company’s stock, valued at approximately $53,000. Deuterium Capital Management LLC owned about 0.47% of Altisource Asset Management as of its most recent SEC filing. 1.71% of the stock is currently owned by institutional investors and hedge funds.

Altisource Asset Management Company Profile

AAMC has historically been an asset management company that provides portfolio management and corporate governance services to investment vehicles but given the sale and discontinuance of certain operations the Company is in the process of repositioning itself. Additional information is available at www.altisourceamc.com.