StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a report issued on Saturday morning. The brokerage issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Down 1.0 %
Shares of NASDAQ:ASPS opened at $0.71 on Friday. The business’s 50 day moving average is $0.87 and its 200 day moving average is $1.12. The stock has a market cap of $19.38 million, a P/E ratio of -0.50 and a beta of 0.86. Altisource Portfolio Solutions has a 52-week low of $0.43 and a 52-week high of $3.55.
Institutional Trading of Altisource Portfolio Solutions
An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 comprises about 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 as of its most recent filing with the Securities and Exchange Commission. 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.
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