Altisource Asset Management (NYSE:AAMC) traded up 2.6%

Altisource Asset Management Co share price (NYSE:AAMC – Get Free Report ) rose 2.6% on Thursday. The stock traded as high as $2.65 and last traded at $2.37. About 9,237 shares changed hands during trading, down 45% from the average daily volume of 16,940 shares. Shares previously closed at $2.31.

Altisource Asset Management stock rose 2.6%

The company’s 50-day moving average is $2.42 and its 200-day moving average is $3.06. The company has a market cap of $6.06 million, a PE ratio of 0.06 and a beta of 1.40.

Altisource Asset Management (NYSE:AAMC – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.85) EPS for the quarter. The firm had revenue of $0.04 million during the quarter.

Institutional investors intervene in Altisource’s asset management

A hedge fund recently bought a new stake in shares of Altisource Asset Management. Deuterium Capital Management LLC bought a new stake in Altisource Asset Management Co. (NYSE:AAMC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,902 shares of the company’s stock, valued at approximately $53,000. Deuterium Capital Management LLC owned about 0.47% of Altisource Asset Management at the end of the most recent quarter. 1.71% of the shares are currently held by institutional investors.

About Altisource Asset Management

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AAMC was formerly an asset management company providing portfolio management and corporate governance services to investment vehicles, but with the sale and discontinuation of certain operations, the company is in the process of repositioning. Additional information is available at www.altisourceamc.com.

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