StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a research report report published on Tuesday. The firm issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Performance
Shares of ASPS stock opened at $0.94 on Tuesday. The stock has a fifty day simple moving average of $1.06 and a two-hundred day simple moving average of $1.29. The firm has a market capitalization of $25.48 million, a PE ratio of -0.66 and a beta of 0.94. Altisource Portfolio Solutions has a 52-week low of $0.70 and a 52-week high of $4.59.
Institutional Trading of Altisource Portfolio Solutions
An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the period. Altisource Portfolio Solutions accounts for about 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd largest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 41.36% of the company’s stock.
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.
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