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

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

Altisource Portfolio Solutions Price Performance

Shares of Altisource Portfolio Solutions stock opened at $0.94 on Tuesday. Altisource Portfolio Solutions has a 1 year low of $0.70 and a 1 year high of $4.59. The company has a 50-day moving average of $1.06 and a 200 day moving average of $1.29. The firm has a market cap of $25.48 million, a price-to-earnings ratio of -0.59 and a beta of 0.94.

Institutional Trading of Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up about 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest position. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. 41.36% of the stock is owned by institutional investors and hedge funds.

About Altisource Portfolio Solutions

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.