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

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

Altisource Portfolio Solutions Trading Up 19.8 %

NASDAQ ASPS opened at $1.15 on Friday. The stock’s 50-day moving average price is $0.74 and its two-hundred day moving average price is $0.98. The company has a market cap of $31.31 million, a PE ratio of -0.81 and a beta of 0.90. Altisource Portfolio Solutions has a 1 year low of $0.43 and a 1 year high of $3.17.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Geode Capital Management LLC raised its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,824 shares of the business services provider’s stock after purchasing an additional 16,390 shares during the period. Geode Capital Management LLC owned 0.73% of Altisource Portfolio Solutions worth $131,000 as of its most recent SEC filing. 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.