Altisource Portfolio Solutions S.A. (ASPS) Shares are Down -11%

Altisource Portfolio Solutions S.A. (ASPS) : During the past 4 weeks, traders have been relatively bearish on Altisource Portfolio Solutions S.A. (ASPS), hence the stock is down -11.31% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -11.54% relative to the S&P 500. The 4-week change in the price of the stock is -5.32% and the stock has fallen -11% in the past 1 week.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS): The stock opened at $25.60 on Friday but the bulls could not build on the opening and the stock topped out at $25.76 for the day. The stock traded down to $24.25 during the day, due to lack of any buying support eventually closed down at $24.93 with a loss of -4.19% for the day. The stock had closed at $26.02 on the previous day. The total traded volume was 921,663 shares.


The stock has recorded a 20-day Moving Average of 7.87% and the 50-Day Moving Average is 9.02%. Altisource Portfolio Solutions S.A. has dropped 11.85% during the last 3-month period . Year-to-Date the stock performance stands at -10.36%.

Altisource Portfolio Solutions S.A. is a provider of marketplace and transaction solutions for the real estate, mortgage and consumer debt industries offering both distribution and content. The Company operates in three segments: Mortgage Services, Financial Services and Technology Services. The Companys Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, investors and other sellers of single family homes. The Financial Services segment provides collection and customer relationship management services to debt originators and servicers, and the utility, insurance and hotel industries. The Companys Technology Services consists of REALSuite of software applications, Equator, LLC (Equator) software applications, Mortgage Builder software applications and its information technology (IT) infrastructure management services.

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