Altisource (ASPS) Stock Surges 17 percent

Altisource Portfolio Solutions S.A. (ASPS) shares are up 17.38% to $19.40 in early trading Tuesday. The move comes on a big volume too with the issue currently trading more than 423K shares, compared to the average volume of 776K shares for a full session over the past month. Not seeing any news or rumors to account for the move.

Altisource Portfolio Solutions is a Luxembourg-based transaction solutions provider for the real estate, mortgage, and consumer debt industries in the United States. Its stock has a median consensus analyst price target of $18 with a high target of $39.50, and a 52-week trading range of $12.28 to $126.14.

The T-12 profit margin at Altisource Portfolio Solutions is 12.47%. ASPS’ revenue for the same period is $1.08 billion.

Altisource has a current market cap of $388 million.

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