Altisource Portfolio Solutions S.A. (ASPS) Soars 5.84%

Altisource Portfolio Solutions S.A. (ASPS) Soars 5.84%

Altisource Portfolio Solutions S.A. (ASPS) had a good day on the market for Wednesday October 09 as shares jumped 5.84% to close at $21.01. About 78,444 shares traded hands on 1,341 trades for the day, compared with an average daily volume of n/a shares out of a total float of 16 million. After opening the trading day at $19.88, shares of Altisource Portfolio Solutions S.A. stayed within a range of $21.10 to $19.88.

With today’s gains, Altisource Portfolio Solutions S.A. now has a market cap of $336.14 million. Shares of Altisource Portfolio Solutions S.A. have been trading within a range of $32.50 and $18.31 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $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 also 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.

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