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

Equities research analysts at StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a note issued to investors on Monday. The brokerage set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Shares of ASPS opened at $0.87 on Monday. The firm has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.35. The company has a market cap of $23.55 million, a P/E ratio of -0.61 and a beta of 0.94. Altisource Portfolio Solutions has a one year low of $0.70 and a one year high of $4.60.

Institutional Investors Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the quarter. Altisource Portfolio Solutions comprises about 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest position. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

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.