Investment analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Price Performance
Shares of ASPS stock opened at $1.22 on Friday. Altisource Portfolio Solutions has a 1-year low of $0.99 and a 1-year high of $4.60. The business’s fifty day moving average price is $1.15 and its 200 day moving average price is $1.41. The firm has a market capitalization of $33.15 million, a PE ratio of -0.86 and a beta of 0.95.
Hedge Funds Weigh In On Altisource Portfolio Solutions
An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp increased its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 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 as of its most recent filing with the SEC. 41.36% of the stock is currently owned by 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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