Altisource Portfolio Solutions (NASDAQ:ASPS) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note published on Sunday. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ ASPS traded down $0.06 during trading on Friday, hitting $0.80. 65,801 shares of the company were exchanged, compared to its average volume of 118,455. The firm has a market capitalization of $21.76 million, a PE ratio of -0.61 and a beta of 0.94. Altisource Portfolio Solutions has a 12-month low of $0.73 and a 12-month high of $4.60. The company has a fifty day moving average price of $1.13 and a 200-day moving average price of $1.39.

Institutional Trading of Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp raised its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,277,138 shares of the business services provider’s stock after acquiring an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up approximately 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 at the end of the most recent quarter. Institutional investors and hedge funds own 41.36% of the company’s stock.

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.