Altisource Portfolio Solutions (NASDAQ:ASPSW) Trading 11.4% Higher – Still a Buy?

Altisource Portfolio Solutions S.A. (NASDAQ:ASPSW)’s stock price traded up 11.4% on Friday . The company traded as high as $0.4750 and last traded at $0.4066. 80,703 shares changed hands during trading, an increase of 240% from the average daily volume of 23,707 shares. The stock had previously closed at $0.3650.

Altisource Portfolio Solutions Stock Performance

The stock’s 50 day simple moving average is $0.39.

Altisource Portfolio Solutions (NASDAQ:ASPSW) is a provider of technology-enabled services and solutions for the residential real estate and mortgage lifecycle. The company supports institutions involved in loan servicing, asset management and disposition, offering a combination of operational capabilities and software intended to streamline processes associated with distressed and non-performing loans as well as routine property management activities.

Its service offerings typically include property preservation and inspection, field services, valuation and appraisal support, default servicing and loss mitigation support, and real estate brokerage and disposition services.