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

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

Altisource Portfolio Solutions Stock Performance

ASPS opened at $0.72 on Friday. The business’s 50 day moving average price is $0.82 and its 200 day moving average price is $1.09. The stock has a market capitalization of $19.65 million, a PE ratio of -0.51 and a beta of 0.90. Altisource Portfolio Solutions has a one year low of $0.43 and a one year high of $3.36.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd largest 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. 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.