Asta Stock Falls After Kaufman Downgrade

The stock of debt purchaser Asta Funding was down in midday trading today following a downgrade of the company by influential Kaufman Brothers analyst Audrey Snell.

Snell issued a "hold" rating on Asta, downgraded from "buy", following its announcement late Friday that it had delayed filing its fiscal 2007 annual report for the year ending Sept. 30.

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