Altisource Asset Management (NYSE:AAMC) Stock Price Down 2.1%

Altisource Asset Management Co. (NYSE:AAMC)’s stock price was down 2.1% on Tuesday . The stock traded as low as $3.13 and last traded at $3.18. Approximately 2,470 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 24,526 shares. The stock had previously closed at $3.25.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Altisource Asset Management in a report on Wednesday, January 24th. They issued a “sell” rating on the stock.

Altisource Asset Management Trading Down 2.1 %

The stock has a market cap of $8.11 million, a PE ratio of -0.35 and a beta of 1.40. The business has a 50-day moving average price of $3.73 and a 200-day moving average price of $4.28.

Altisource Asset Management (NYSE:AAMC) last posted its quarterly earnings data on Friday, March 29th. The company reported ($4.36) EPS for the quarter. The company had revenue of $0.06 million during the quarter.

Institutional Trading of Altisource Asset Management

A hedge fund recently bought a new stake in Altisource Asset Management stock. Deuterium Capital Management LLC purchased a new stake in shares of Altisource Asset Management Co. (NYSE:AAMC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 reporting period. 1.71% of the stock is currently owned by institutional investors.

About Altisource Asset Management

AAMC has historically been an asset management company that provides portfolio management and corporate governance services to investment vehicles but given the sale and discontinuance of certain operations the Company is in the process of repositioning itself. Additional information is available at www.altisourceamc.com.