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

Investment analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note issued on Tuesday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Down 0.9 %

ASPS opened at $0.68 on Tuesday. The company has a 50 day moving average of $0.75 and a two-hundred day moving average of $1.03. Altisource Portfolio Solutions has a 52-week low of $0.43 and a 52-week high of $3.36. The company has a market cap of $18.50 million, a P/E ratio of -0.48 and a beta of 0.90.

Institutional Investors Weigh In On 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 filing 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 makes up approximately 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest holding. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 41.36% of the company’s stock.

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.