Altisource Rises in Holiday Week, But Customer Concerns Linger
Altisource Portfolio Solutions S.A. finished the shortened week with an 8% gain over last Friday, despite giving up ground at the end. ASPS shares closed Friday at $6.52, off 3.3% on volume of 13,350 shares. Trading was thin on Nasdaq. Traders noticed the move with few new operating updates to go on. Investors mainly weighed small-cap trends, mortgage data, and recent company filings as the U.S. session heads toward June.