StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Performance
Shares of NASDAQ ASPS opened at $0.74 on Thursday. Altisource Portfolio Solutions has a fifty-two week low of $0.70 and a fifty-two week high of $3.94. The stock has a market cap of $20.10 million, a PE ratio of -0.52 and a beta of 0.86. The stock has a fifty day moving average of $0.97 and a 200-day moving average of $1.21.
Institutional Investors Weigh In On Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp boosted its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 comprises 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd biggest position. 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.
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