Altisource Portfolio Solutions (NASDAQ:ASPS) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note published on Thursday morning. The brokerage issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Shares of Altisource Portfolio Solutions stock opened at $0.74 on Thursday. The firm has a market cap of $20.10 million, a PE ratio of -0.52 and a beta of 0.86. Altisource Portfolio Solutions has a 1 year low of $0.70 and a 1 year high of $3.94. The stock has a fifty day moving average price of $0.97 and a 200-day moving average price of $1.21.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp boosted its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,277,138 shares of the business services provider’s stock after acquiring an additional 28,162 shares during the period. Altisource Portfolio Solutions accounts for approximately 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest holding. Deer Park Road Corp owned approximately 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent quarter. Institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.