StockNews.com Begins Coverage on Altisource Portfolio Solutions (NASDAQ:ASPS)

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

Altisource Portfolio Solutions Price Performance

NASDAQ ASPS opened at $0.89 on Tuesday. The stock has a market capitalization of $24.18 million, a price-to-earnings ratio of -0.66 and a beta of 0.94. Altisource Portfolio Solutions has a 1-year low of $0.70 and a 1-year high of $4.59. The business’s fifty day moving average price is $1.05 and its 200-day moving average price is $1.29.

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 Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to its most recent Form 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 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest holding. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. Institutional investors own 41.36% of the company’s stock.

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.