Altisource Stock Hits New 52-Week High (ASPS)

NEW YORK ( TheStreet) -- Altisource Portfolio Solutions (Nasdaq: ASPS) hit a new 52-week high Friday as it is currently trading at $64.80, above its previous 52-week high of $64.70 with 60,974 shares traded as of 10:55 a.m. ET. Average volume has been 124,600 shares over the past 30 days.

Altisource has a market cap of $1.26 billion and is part of the financial sector and real estate industry. Shares are up 24.5% year to date as of the close of trading on Thursday.

Altisource Portfolio Solutions S.A., together with its subsidiaries, 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 22.6, above the average real estate industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.7.

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 compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Altisource Ratings Report.

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