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

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

Altisource Portfolio Solutions Stock Performance

Altisource Portfolio Solutions stock opened at $0.92 on Tuesday. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $2.71. The stock has a market cap of $25.05 million, a PE ratio of -0.65 and a beta of 0.87. The firm’s 50-day simple moving average is $0.78 and its 200 day simple moving average is $0.90.

Institutional Trading of Altisource Portfolio Solutions

Several hedge funds have recently added to or reduced their stakes in ASPS. Geode Capital Management LLC raised its position in Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after acquiring an additional 16,390 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Altisource Portfolio Solutions in the fourth quarter worth about $302,000. Finally, Nantahala Capital Management LLC raised its position in Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after acquiring an additional 1,037,275 shares during the period. 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.