Altisource Portfolio Solutions S.A. (ASPS) : Traders are bullish on Altisource Portfolio Solutions S.A. (ASPS) as it has outperformed the S&P 500 by a wide margin of 26.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.54% in the last 1 week, and is up 26.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Altisource Portfolio Solutions S.A. is up 21.76% in the last 3-month period. Year-to-Date the stock performance stands at 13.66%. The stock has recorded a 20-day Moving Average of 18.73% and the 50-Day Moving Average is 17.85%.
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.29 and $30.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.61, notching a gain of 0.70% for the day. The total traded volume was 373,774 . The stock had closed at $31.39 on the previous day.
Also, Compass Point upgrades their rating on the shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 10, 2016.
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.