Altisource Portfolio Solutions (NASDAQ:ASPS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPSFree Report) in a research note issued to investors on Tuesday. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Up 4.5 %

NASDAQ:ASPS opened at $0.71 on Tuesday. The firm’s fifty day simple moving average is $0.74 and its 200 day simple moving average is $1.02. Altisource Portfolio Solutions has a twelve month low of $0.43 and a twelve month high of $3.26. The stock has a market cap of $19.34 million, a P/E ratio of -0.50 and a beta of 0.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp boosted its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPSFree Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest position. Deer Park Road Corp owned approximately 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent quarter. 41.36% of the stock is currently owned by institutional investors and hedge funds.

Altisource Portfolio Solutions Company Profile

(Get Free Report)

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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