Altisource Portfolio Stock Price Up 5.5% on Insider Buying Activity (ASPS)
Altisource Portfolio (NASDAQ:ASPS) shares rose 5.5% during trading on Friday following insider buying activity, AmericanBankingNews.com reports. The company traded as high as $114.10 and last traded at $113.00, with a volume of 358,940 shares trading hands. The stock had previously closed at $107.14.
Specifically, Director Roland Mueller-Ineichen acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $120.14 per share, with a total value of $360,420.00. Following the transaction, the director now directly owns 13,837 shares in the company, valued at approximately $1,662,377. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
The stock has a 50-day moving average of $139.1 and a 200-day moving average of $142.3. The company has a market cap of $2.569 billion and a P/E ratio of 20.64.
Altisource Portfolio (NASDAQ:ASPS) last released its earnings data on Thursday, February 13th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.18. The company had revenue of $222.59 million for the quarter, compared to the consensus estimate of $235.80 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was up 57.7% on a year-over-year basis. On average, analysts predict that Altisource Portfolio will post $8.26 EPS for the current fiscal year.
Altisource Portfolio Solutions SA (NASDAQ:ASPS), formerly Altisource Portfolio Solutions S.
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