Altisource Portfolio Solutions (NASDAQ:ASPS) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.47 and traded as high as $11.14. Altisource Portfolio Solutions shares last traded at $10.80, with a volume of 592,507 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Altisource Portfolio Solutions in a research note on Wednesday, May 21st. They issued a “sell” rating on the stock.

Altisource Portfolio Solutions Price Performance

The business’s 50 day moving average is $7.23 and its two-hundred day moving average is $6.47. The firm has a market capitalization of $120.10 million, a PE ratio of -1.32 and a beta of 0.03.

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

Insider Activity at Altisource Portfolio Solutions

In other news, CEO William B. Shepro acquired 26,312 shares of Altisource Portfolio Solutions stock in a transaction dated Friday, March 28th. The shares were purchased at an average cost of $3.84 per share, for a total transaction of $101,038.08. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASPS. XTX Topco Ltd grew its holdings in shares of 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Altisource Portfolio Solutions by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after buying an additional 16,390 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Altisource Portfolio Solutions during the first quarter valued at about $214,000. Integrated Wealth Concepts LLC bought a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at about $302,000. Finally, Nantahala Capital Management LLC grew its stake in shares of Altisource Portfolio Solutions by 95.1% during the fourth 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. 41.36% of the stock is currently owned by institutional investors.

About Altisource Portfolio Solutions

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.