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

Analysts at StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report issued on Saturday. The brokerage set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Trading Down 8.6 %

Shares of ASPS opened at $0.72 on Friday. The business’s 50 day moving average is $0.87 and its 200 day moving average is $1.12. Altisource Portfolio Solutions has a 12-month low of $0.43 and a 12-month high of $3.70. The company has a market capitalization of $19.57 million, a PE ratio of -0.51 and a beta of 0.86.

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 stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the second quarter, according to the company in its most recent 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 period. Altisource Portfolio Solutions makes up 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest holding. Deer Park Road Corp owned approximately 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 41.36% of the company’s stock.

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.