Asta Funding (NASDAQ:ASFI) Stock Crosses Above 200 Day Moving Average of $0.00

Asta Funding, Inc. (NASDAQ:ASFI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.19. Asta Funding shares last traded at $7.19, with a volume of 2,301 shares changing hands.

Separately, ValuEngine downgraded shares of Asta Funding from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

The company’s 50-day moving average is $7.36.

Asta Funding (NASDAQ:ASFI) last issued its earnings results on Monday, May 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter. Asta Funding had a net margin of 41.03% and a return on equity of 10.35%. The company had revenue of $5.23 million for the quarter.

Asta Funding Company Profile (NASDAQ:ASFI)

Asta Funding, Inc, together with its subsidiaries, primarily engages in the consumer receivables business in the United States, Puerto Rico, and South America. It operates through three segments: Consumer Receivables, Personal Injury Claims, and Social Security Disability Advocacy. The Consumer Receivables segment is involved in purchasing, managing, and servicing distressed consumer receivables, including judgment receivables, which are accounts where outside attorneys secure judgments directly against the consumer; charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; and semi-performing receivables that are accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators.

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