StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a report released on Saturday. The brokerage set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Price Performance
Altisource Portfolio Solutions stock opened at $1.22 on Friday. The business has a 50 day simple moving average of $1.15 and a 200 day simple moving average of $1.41. Altisource Portfolio Solutions has a one year low of $0.99 and a one year high of $4.60. The company has a market capitalization of $33.15 million, a PE ratio of -0.86 and a beta of 0.95.
Institutional Trading of Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 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 currently owned by institutional investors and hedge funds.
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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