StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a report issued on Thursday morning. The firm issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Trading Up 1.4 %
Shares of ASPS stock opened at $0.73 on Thursday. The firm has a market capitalization of $19.84 million, a PE ratio of -0.51 and a beta of 0.86. The firm has a fifty day simple moving average of $0.98 and a two-hundred day simple moving average of $1.22. Altisource Portfolio Solutions has a 12 month low of $0.70 and a 12 month high of $3.94.
Hedge Funds Weigh In On Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its holdings in shares of 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 (SEC). The firm owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the period. Altisource Portfolio Solutions comprises approximately 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd largest holding. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. 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.
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