Altisource Portfolio Solutions S.A. (ASPS) had a rough trading day for Friday October 25 as shares tumbled 8.94%, or a loss of $-1.89 per share, to close at $19.26. After opening the day at $20.87, shares of Altisource Portfolio Solutions S.A. traded as high as $21.03 and as low as $19.20. Volume was 156,356 shares over 1,753 trades, against an average daily volume of n/a shares and a total float of 15.69 million.
As a result of the decline, Altisource Portfolio Solutions S.A. now has a market cap of $308.14 million. In the last year, shares of Altisource Portfolio Solutions S.A. have traded between a range of $27.08 and $18.31, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Altisource Portfolio Solutions SA is an integrated service provider and marketplace for the real estate and mortgage industries. It operates through the following segments: The Mortgage Market segment provides loan servicers and originators with marketplaces, services, and technologies that span the mortgage lifecycle; The Real Estate Market segment provides real estate consumers and rental property investors with marketplaces and services that span the real estate lifecycle; The Other Businesses, Corporate and Eliminations segment includes asset recovery management services and customer relationship management services as well as information technology infrastructure management services.
Altisource Portfolio Solutions S.A. is based out of Luxembourg, and has some 6,128 employees. Its CEO is William B. Shepro.
Altisource Portfolio Solutions S.A. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
