Stock analysts at StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a note issued to investors on Monday. The firm set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Performance
Shares of NASDAQ:ASPS opened at $0.77 on Monday. The business has a fifty day moving average of $0.79 and a 200-day moving average of $1.06. The firm has a market cap of $21.00 million, a PE ratio of -0.54 and a beta of 0.90. Altisource Portfolio Solutions has a twelve month low of $0.43 and a twelve month high of $3.36.
Institutional Investors Weigh In On Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 comprises about 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest holding. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent filing with the Securities & Exchange Commission. 41.36% of the stock is currently owned by hedge funds and other institutional investors.
Altisource Portfolio Solutions Company Profile
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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