Altisource Portfolio Solutions (NASDAQ:ASPS) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Altisource Portfolio Solutions (NASDAQ:ASPS) posted its quarterly earnings data on Thursday. The business services provider reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07, Zacks reports.

Altisource Portfolio Solutions Stock Performance

Altisource Portfolio Solutions stock opened at $0.75 on Thursday. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $2.75. The company has a market capitalization of $20.42 million, a PE ratio of -0.53 and a beta of 0.87. The company has a 50 day moving average price of $0.77 and a 200-day moving average price of $0.91.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Altisource Portfolio Solutions in a research note on Monday. They issued a “sell” rating on the stock.

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.