Altisource Asset Management Corp Down 63.19% To $12.90 After Earnings

Altisource Asset Management Corp (AAMC) said after close Monday that it lost $2.16 per share in quarter two 2023. The company reported $1.9 million in revenue

In the same quarter a year ago, the company lost $2 per share on revenue of $533 thousand.

The stock is down 63.19% to $12.90 after the report.

Altisource Asset Management Corp's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Altisource Asset Management Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 7, putting Altisource Asset Management Corp in the bottom 25% of stocks. The firm was recently trading at a 52-week high of $103.5 on May 17, 2023 and set a 52-week low on October 14, 2022 at $12.69.

Altisource Asset Management Corp is an asset management company. It provides asset management, portfolio management, and corporate governance services to investment vehicles that own real estate related assets. The firm's business strategy is to provide its services to the client in a manner that builds long-term value and a stable income stream while generating management fees for the firm and develop additional investment strategies and vehicles.