Stock analysts at StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Trading Down 1.7 %
Shares of NASDAQ ASPS opened at $0.65 on Tuesday. The stock has a market cap of $17.80 million, a P/E ratio of -0.46 and a beta of 0.90. The stock has a 50 day moving average of $0.75 and a two-hundred day moving average of $1.03. Altisource Portfolio Solutions has a twelve month low of $0.43 and a twelve month high of $3.36.
Hedge Funds Weigh In On Altisource Portfolio Solutions
An institutional investor recently raised its position 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% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the period. Altisource Portfolio Solutions comprises approximately 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent quarter. 41.36% of the stock is owned by hedge funds and other institutional investors.
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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