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

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Altisource Portfolio Solutions Price Performance

The stock has a market cap of $101.63 million, a P/E ratio of -6.44 and a beta of 0.03. The business’s fifty day moving average price is $6.87 and its 200 day moving average price is $6.36.

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

Insider Activity at Altisource Portfolio Solutions

In other Altisource Portfolio Solutions news, CEO William B. Shepro acquired 26,312 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 38,812 shares in the company, valued at $149,038.08. This represents a 210.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Altisource Portfolio Solutions in the 1st quarter valued at approximately $13,442,000. Nantahala Capital Management LLC raised its holdings in Altisource Portfolio Solutions by 95.1% in 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 buying an additional 1,037,275 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Altisource Portfolio Solutions in the 4th quarter valued at approximately $302,000. Jefferies Financial Group Inc. bought a new position in Altisource Portfolio Solutions during the 1st quarter worth approximately $214,000. Finally, XTX Topco Ltd raised its holdings 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 worth $55,000 after purchasing an additional 60,933 shares during 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.