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

StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a report released on Tuesday. The brokerage issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

ASPS stock opened at $0.71 on Tuesday. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $3.26. The stock has a market capitalization of $19.34 million, a P/E ratio of -0.50 and a beta of 0.90. The business has a fifty day moving average price of $0.74 and a 200-day moving average price of $1.02.

Institutional Investors Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp boosted its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,277,138 shares of the business services provider’s stock after acquiring an additional 28,162 shares during the quarter. Altisource Portfolio Solutions accounts for 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest holding. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. 41.36% of the stock is owned by 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.