Altisource Portfolio Solutions S.A. (ASPS) Shares are Up 4.44%

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 32.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.91%, 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 4.44% in the last 1 week, and is up 32.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 10.14% and the 50-Day Moving Average is 21.21%.The 200 Day SMA reached 23.91%. Altisource Portfolio Solutions S.A. is up 12.4% in the last 3-month period. Year-to-Date the stock performance stands at 21.9%.


Altisource Portfolio Solutions S.A. (NASDAQ:ASPS): After opening at $33.1, the stock dipped to an intraday low of $33.0201 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.21 and the buying power remained strong till the end. The stock closed at $33.9 for the day, a gain of 3.10% for the day session. The total traded volume was 303,520. The stocks close on the previous trading day was $32.88.

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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