Altisource Portfolio Solutions (NASDAQ:ASPS) Coverage Initiated by Analysts at StockNews.com

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

Altisource Portfolio Solutions Stock Down 4.6 %

Shares of Altisource Portfolio Solutions stock opened at $0.73 on Friday. The stock has a market cap of $19.83 million, a P/E ratio of -0.51 and a beta of 0.94. Altisource Portfolio Solutions has a 12-month low of $0.70 and a 12-month high of $4.60. The business’s 50 day moving average is $1.12 and its 200-day moving average is $1.37.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Foundry Partners LLC boosted its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 617,274 shares of the business services provider’s stock after buying an additional 22,844 shares during the quarter. Foundry Partners LLC owned approximately 2.29% of Altisource Portfolio Solutions worth $1,198,000 at the end of the most recent reporting period. 41.36% of the stock is currently owned by institutional investors and hedge funds.

About Altisource Portfolio Solutions

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.