StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a research report sent to investors on Friday. The firm issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Trading Down 1.7 %
Shares of ASPS stock opened at $1.17 on Friday. Altisource Portfolio Solutions has a 12-month low of $0.99 and a 12-month high of $4.60. The firm’s 50 day moving average is $1.15 and its 200 day moving average is $1.42. The stock has a market capitalization of $31.54 million, a P/E ratio of -0.53 and a beta of 0.95.
Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) last issued its earnings results on Thursday, July 25th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.04. The company had revenue of $36.86 million during the quarter, compared to analysts’ expectations of $38.32 million. As a group, equities analysts predict that Altisource Portfolio Solutions will post -0.83 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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