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

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

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ ASPS opened at $0.86 on Friday. The stock has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $1.39. Altisource Portfolio Solutions has a 1-year low of $0.73 and a 1-year high of $4.60. The firm has a market cap of $23.37 million, a price-to-earnings ratio of -0.61 and a beta of 0.94.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 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 and hedge funds 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.