StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a report issued on Friday morning. The firm issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Performance
Shares of ASPS opened at $0.55 on Friday. The stock has a 50 day simple moving average of $0.94 and a 200 day simple moving average of $1.18. Altisource Portfolio Solutions has a 52-week low of $0.43 and a 52-week high of $3.71. The firm has a market capitalization of $14.92 million, a PE ratio of -0.39 and a beta of 0.86.
Institutional Investors Weigh In On Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp raised its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the 2nd quarter, according to its most recent 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 quarter. Altisource Portfolio Solutions accounts for approximately 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest holding. 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 institutional investors and hedge funds.
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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