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

StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report released on Tuesday. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Up 11.6 %

Altisource Portfolio Solutions stock opened at $0.94 on Tuesday. The company’s 50-day moving average price is $1.06 and its 200-day moving average price is $1.29. The company has a market cap of $25.48 million, a PE ratio of -0.66 and a beta of 0.94. Altisource Portfolio Solutions has a twelve month low of $0.70 and a twelve month high of $4.59.

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 stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the second quarter, according to the company in its most recent 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 quarter. Altisource Portfolio Solutions comprises 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest holding. 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 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.