ValuEngine Upgrades Asta Funding (ASFI) to “Buy”
Asta Funding (NASDAQ:ASFI) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Separately, TheStreet upgraded shares of Asta Funding from a “d+” rating to a “c” rating in a research report on Monday, August 28th.
Asta Funding (NASDAQ:ASFI) traded up $0.65 on Friday, reaching $7.75. 10,394 shares of the company traded hands, compared to its average volume of 6,394. The company has a market capitalization of $49.68, a price-to-earnings ratio of 375.00 and a beta of 0.38. Asta Funding has a one year low of $6.15 and a one year high of $10.35.
About Asta Funding
Asta Funding, Inc is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables.
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