Somewhat Positive Media Coverage Somewhat Unlikely to Impact Asta Funding (ASFI) Stock Price
Media headlines about Asta Funding (NASDAQ:ASFI) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Asta Funding earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.6084470108223 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, TheStreet raised shares of Asta Funding from a “d+” rating to a “c” rating in a research note on Monday.
Asta Funding (ASFI) traded down 1.24% during mid-day trading on Friday, reaching $7.95. 3,675 shares of the company were exchanged. The stock’s 50-day moving average price is $7.44 and its 200-day moving average price is $7.86. The stock’s market capitalization is $52.65 million. Asta Funding has a 1-year low of $6.15 and a 1-year high of $11.97.
Asta Funding (NASDAQ:ASFI) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.27 EPS for the quarter. Asta Funding had a return on equity of 0.20% and a net margin of 0.59%. The company had revenue of $14.78 million during the quarter. On average, equities research analysts anticipate that Asta Funding will post $0.73 EPS for the current fiscal year.
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Asta Funding Company Profile
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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