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

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

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ:ASPS opened at $0.81 on Wednesday. Altisource Portfolio Solutions has a 52 week low of $0.70 and a 52 week high of $4.59. The company has a market cap of $22.07 million, a PE ratio of -0.57 and a beta of 0.86. The firm has a 50 day simple moving average of $1.03 and a 200 day simple moving average of $1.25.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up about 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd biggest position. 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.

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.