Asta Funding (NASDAQ:ASFI) Downgraded by ValuEngine

ValuEngine downgraded shares of Asta Funding (NASDAQ:ASFI) from a sell rating to a strong sell rating in a research report report published on Wednesday, ValuEngine reports.

ASFI traded up $0.08 on Wednesday, reaching $6.59. The company had a trading volume of 683 shares, compared to its average volume of 5,838. The company has a fifty day moving average of $7.29 and a 200-day moving average of $6.45. Asta Funding has a one year low of $3.45 and a one year high of $8.71.

Asta Funding (NASDAQ:ASFI) last announced its earnings results on Tuesday, August 13th. The business services provider reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $5.30 million during the quarter. Asta Funding had a net margin of 46.98% and a return on equity of 10.48%.

Asta Funding Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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