Altisource Portfolio Solutions (NASDAQ:ASPS) Now Covered by StockNews.com

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

Altisource Portfolio Solutions Price Performance

NASDAQ:ASPS opened at $0.55 on Friday. The company has a market capitalization of $14.92 million, a price-to-earnings ratio of -0.39 and a beta of 0.86. The business has a 50 day moving average of $0.93 and a 200 day moving average of $1.17. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $3.71.

Hedge Funds Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp raised its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the period. Altisource Portfolio Solutions comprises approximately 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.