Altisource Asset Management Corporation (AAMC) stock price moved -2.81% away from 20-Days Simple Moving Average, -10.20% from 50-Days Simple Moving Average and separated -19.67% from 200 Days Simple Moving Average. Altisource Asset Management Corporation (AAMC) reported loss -2.16% in recent buying and selling session with closing price of $ 65.55. The stock’s traded 0 million shares in session while it holds an average volume of 0 million shares. The AAMC switched 24.03% away from its 52 week minimum and distanced -43.49% from its 52 week peak. The volatility change in the previous week has observed by 1.57% and experienced of 1.99% change in the last month.
The short ratio in the company’s stock is documented at 46.18 and the short float is around of 7.10%. Beta factor, which measures the riskiness of the security, was registered at 2.10. The Company kept a record of 0.72 million floated shares and 1.63 million shares outstanding. The average true range of the stock is observed at 2.58 and the relative strength index of the stock is recorded at 44.27.
Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE MKT:AAMC) recently reported financial and operating results for the fourth quarter and full year of 2017.
Fourth Quarter 2017 Highlights and Recent Developments
Managed the name change of Altisource Residential Corporation to Front Yard Residential Corporation (“Front Yard”).
Negotiated the acquisition of 1,957 homes by Front Yard from Amherst Holdings, LLC, increasing Front Yard’s rental portfolio to 11,975 homes, of which 98% were stabilized.
Executed Front Yard’s sale of 322 mortgage loans, leaving 111 loans with a carrying value of $11.5M at December 31, 2017 remaining in its portfolio.
Managed Front Yard’s sale of 325 non-rental REO properties, leaving it with 490 legacy properties under evaluation for rental or sale with a carrying value of $110.1M at year end 2017.
Maintained Front Yard’s strong operating metrics: Stabilized Rental Net Operating Income Margin was 64.9%, Stabilized Rental Core Funds from Operations was $0.15 per diluted share and 93% of stabilized rentals were leased at December 31, 2017.
Fourth Quarter and Full Year 2017 Financial Results
Net loss attributable to stockholders for the fourth quarter of 2017 totaled $1.8M, or $1.15 per diluted share, contrast to a net loss attributable to stockholders of $1.7M, or $1.09 per diluted share, for the fourth quarter of 2016. Net loss attributable to stockholders for the year ended December 31, 2017 totaled $7.0M, or $4.57 per diluted share, contrast to net loss attributable to stockholders of $4.9M, or $2.93 per diluted share, for the year ended December 31, 2016.
Altisource Asset Management Corporation (AAMC) Stock Profitability Levels:
Net profit margin of the company is seen at -39.50%. Operating profit margin is positioned at -40.80%. The company made Return on equity of 3.70% in last 12 months period. Return on assets ratio of the Company was -11.80%. Its return on investment ratio was 4.10% in the trailing 12 months period.
Looking about the past performance history, the company plunged 0.38% for the last five trades and exhausted -13.69% in one month period. The stock deteriorated -23.11% during the past three month period and discounted -30.52% in half year. During the yearly overview it downgraded -6.76% and shown -19.67% year to date performance.
I am Wayne Parsons and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.