Altisource Portfolio Solutions (NASDAQ:ASPS) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

NASDAQ ASPS opened at $1.20 on Thursday. The stock has a market cap of $32.35 million, a price-to-earnings ratio of -0.54 and a beta of 0.95. Altisource Portfolio Solutions has a 52-week low of $0.99 and a 52-week high of $4.70. The business has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.45.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Thursday, July 25th. The business services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. The firm had revenue of $36.86 million during the quarter, compared to the consensus estimate of $38.32 million. On average, analysts predict that Altisource Portfolio Solutions will post -0.83 EPS for the current year.

Institutional Investors Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the quarter. Altisource Portfolio Solutions comprises 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd biggest position. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.