Altisource Portfolio Solutions (NASDAQ:ASPS) Coverage Initiated at StockNews.com

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

Altisource Portfolio Solutions Trading Down 10.4 %

Shares of ASPS opened at $0.69 on Monday. The stock’s 50-day moving average price is $0.79 and its two-hundred day moving average price is $1.06. Altisource Portfolio Solutions has a 12 month low of $0.43 and a 12 month high of $3.36. The company has a market capitalization of $18.81 million, a PE ratio of -0.49 and a beta of 0.90.

Institutional Trading of Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) 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 purchasing an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up about 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest position. 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 owned by hedge funds and other institutional investors.

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.