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

Equities researchers at StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

NASDAQ ASPS opened at $1.17 on Friday. The company has a market cap of $31.54 million, a PE ratio of -0.53 and a beta of 0.95. The firm’s 50 day moving average price is $1.15 and its 200-day moving average price is $1.42. Altisource Portfolio Solutions has a 52-week low of $0.99 and a 52-week high of $4.60.

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

Hedge Funds 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 Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the period. Altisource Portfolio Solutions makes up about 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest position. Deer Park Road Corp owned approximately 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. 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.