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

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

Altisource Portfolio Solutions Stock Performance

NASDAQ:ASPS opened at $0.77 on Monday. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $3.36. The company has a market cap of $21.00 million, a price-to-earnings ratio of -0.54 and a beta of 0.90. The stock has a fifty day moving average price of $0.79 and a 200-day moving average price of $1.06.

Hedge Funds Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 investment portfolio, making the stock its 2nd biggest 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. 41.36% of the stock is owned by institutional investors and hedge funds.

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.