Asta Funding (ASFI) Hits New 1-Year High at $5.21
Asta Funding, Inc. (NASDAQ:ASFI) shares reached a new 52-week high on Wednesday . The company traded as high as $5.21 and last traded at $5.21, with a volume of 193 shares changing hands. The stock had previously closed at $4.80.
Separately, TheStreet upgraded Asta Funding from a “d” rating to a “c-” rating in a report on Friday, December 7th.
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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