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

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

Altisource Portfolio Solutions Price Performance

Shares of NASDAQ:ASPS opened at $0.69 on Monday. The business’s 50-day moving average is $0.77 and its 200 day moving average is $1.05. The firm has a market capitalization of $18.81 million, a P/E ratio of -0.49 and a beta of 0.90. Altisource Portfolio Solutions has a 1 year low of $0.43 and a 1 year high of $3.36.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the period. Altisource Portfolio Solutions makes up 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest 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.

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.