Equities research analysts at StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a note issued to investors on Tuesday. The firm set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Performance
ASPS opened at $0.65 on Tuesday. Altisource Portfolio Solutions has a one year low of $0.43 and a one year high of $3.36. The company has a market cap of $17.80 million, a price-to-earnings ratio of -0.46 and a beta of 0.90. The business’s fifty day moving average is $0.75 and its two-hundred day moving average is $1.03.
Hedge Funds Weigh In On Altisource Portfolio Solutions
An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp raised its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 investment portfolio, making the stock its 2nd biggest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent filing with the SEC. 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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