Altisource Rises in Holiday Week, But Customer Concerns Linger
Altisource Portfolio Solutions shares closed Friday at $6.52, down 3.3% for the session, but up 8% for the shortened holiday week. Trading was thin, with 13,350 shares exchanged. The company reported Q1 service revenue up 10% to $45.1 million and a narrowed net loss of $0.6 million. Onity accounted for 37% of Altisource’s revenue last quarter.
