Somewhat Negative News Coverage Somewhat Unlikely to Impact Asta Funding (ASFI) Stock Price
Press coverage about Asta Funding (NASDAQ:ASFI) has been trending somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Asta Funding earned a coverage optimism score of -0.03 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.7905614293556 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Asta Funding (NASDAQ:ASFI) traded down $0.35 during trading hours on Tuesday, hitting $7.35. The company’s stock had a trading volume of 23,500 shares, compared to its average volume of 16,098. Asta Funding has a 12 month low of $6.15 and a 12 month high of $10.35. The firm has a market capitalization of $48.69, a PE ratio of 385.00 and a beta of 0.38.
Separately, TheStreet raised Asta Funding from a “d+” rating to a “c” rating in a research report on Monday, August 28th.
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About Asta Funding
Asta Funding, Inc is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables.
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