Altisource Portfolio Solutions (NASDAQ:ASPS) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.49 and traded as high as $7.01. Altisource Portfolio Solutions shares last traded at $6.78, with a volume of 21,301 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. B. Riley Financial began coverage on shares of Altisource Portfolio Solutions in a research report on Thursday, April 2nd. They issued a “buy” rating and a $8.00 price objective for the company. Weiss Ratings raised Altisource Portfolio Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Altisource Portfolio Solutions Price Performance

The stock has a market capitalization of $71.62 million, a price-to-earnings ratio of 11.76 and a beta of 0.25. The stock’s 50 day simple moving average is $6.71 and its 200-day simple moving average is $6.49.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.19 EPS for the quarter. Altisource Portfolio Solutions had a net margin of 3.61% and a negative return on equity of 2.50%. As a group, equities research analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in Altisource Portfolio Solutions during the fourth quarter valued at about $75,000. Potomac Capital Management Inc. bought a new stake in shares of Altisource Portfolio Solutions during the 4th quarter worth about $700,000. XTX Topco Ltd bought a new stake in shares of Altisource Portfolio Solutions during the 3rd quarter worth about $589,000. Millennium Management LLC acquired a new position in shares of Altisource Portfolio Solutions during the 3rd quarter valued at about $141,000. Finally, Vanguard Group Inc. increased its holdings in shares of Altisource Portfolio Solutions by 41.7% during the 3rd quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock valued at $4,391,000 after acquiring an additional 110,888 shares during the last quarter. 41.36% of the stock is owned by institutional investors and hedge funds.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA (NASDAQ: ASPS) is a provider of proprietary technology and specialized services to the mortgage and real estate industries. Founded in 2009, the company helps financial institutions, investors and loan servicers streamline processes across the full loan lifecycle, from origination and valuation through default management, asset disposition and investor reporting.

Core offerings include loan servicing and asset management solutions, property preservation and inspection services, valuation and due diligence, title and settlement services, as well as vendor management platforms.