Altisource Portfolio Solutions (NASDAQ:ASPS) Earns Sell Rating from Analysts at StockNews.com

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

Altisource Portfolio Solutions Stock Performance

Shares of ASPS stock opened at $0.55 on Friday. The stock’s 50-day moving average is $0.93 and its two-hundred day moving average is $1.17. Altisource Portfolio Solutions has a 1 year low of $0.43 and a 1 year high of $3.71. The firm has a market cap of $14.92 million, a price-to-earnings ratio of -0.39 and a beta of 0.86.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the period. Altisource Portfolio Solutions makes up approximately 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest holding. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. Hedge funds and other 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.