Altisource Portfolio Solutions (NASDAQ:ASPSW) Trading 8.4% Higher – Still a Buy?

Altisource Portfolio Solutions S.A. (NASDAQ:ASPSW) was up 8.4% during trading on Monday . The stock traded as high as $0.3795 and last traded at $0.3795. Approximately 2,607 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 24,155 shares. The stock had previously closed at $0.35.

Altisource Portfolio Solutions Price Performance

The stock has a 50-day moving average of $0.38.

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.