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

Analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a report released on Wednesday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Shares of Altisource Portfolio Solutions stock opened at $0.80 on Wednesday. The firm has a market cap of $21.68 million, a price-to-earnings ratio of -0.56 and a beta of 0.86. The stock’s 50-day moving average is $1.04 and its 200-day moving average is $1.26. Altisource Portfolio Solutions has a one year low of $0.70 and a one year high of $4.59.

Institutional Trading of Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp increased its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to its most recent disclosure with the 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 comprises approximately 0.2% of Deer Park Road Corp’s investment 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. 41.36% of the stock is currently owned by institutional investors and hedge funds.

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.