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 report published on Saturday morning. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Shares of NASDAQ ASPS opened at $1.14 on Friday. Altisource Portfolio Solutions has a 1-year low of $0.99 and a 1-year high of $4.60. The stock has a fifty day moving average price of $1.15 and a 200 day moving average price of $1.41. The company has a market cap of $30.98 million, a PE ratio of -0.84 and a beta of 0.94.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Foundry Partners LLC boosted its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,274 shares of the business services provider’s stock after buying an additional 22,844 shares during the period. Foundry Partners LLC owned 2.29% of Altisource Portfolio Solutions worth $1,198,000 as of its most recent SEC filing. 41.36% of the stock is currently owned by 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.