NEW YORK (

TheStreet

) --

Altisource Portfolio Solutions

(Nasdaq:

ASPS

) hit a new 52-week high Thursday as it is currently trading at $38.71, above its previous 52-week high of $38 with 25,245 shares traded as of 9:36 a.m. ET. Average volume has been 66,300 shares over the past 30 days.

Altisource has a market cap of $910.7 million and is part of the

financial

sector and

real estate

industry. Shares are up 30.3% year to date as of the close of trading on Wednesday.

Altisource Portfolio Solutions S.A. provides services related to real estate and mortgage portfolio management, asset recovery, and customer relationship management primarily in the United States. The company has a P/E ratio of 17.6, equal to the average real estate industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Altisource as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Altisource Ratings Report

.

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