Altisource Portfolio Solutions (ASPS) Reaches New 52-Week Low at $22.96

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $22.96 and last traded at $22.90, with a volume of 4147 shares trading hands. The stock had previously closed at $24.09.

Several research firms have recently issued reports on ASPS. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Thursday, November 1st. BidaskClub downgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Finally, ValuEngine downgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th.

The company has a market cap of $423.58 million, a PE ratio of 8.05 and a beta of 1.09. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.07.

Several hedge funds have recently added to or reduced their stakes in ASPS. Hartford Investment Management Co. bought a new position in shares of Altisource Portfolio Solutions during the third quarter valued at $207,000. Russell Investments Group Ltd. bought a new position in shares of Altisource Portfolio Solutions during the second quarter valued at $233,000. Manning & Napier Group LLC bought a new position in shares of Altisource Portfolio Solutions during the third quarter valued at $446,000. Millennium Management LLC raised its stake in shares of Altisource Portfolio Solutions by 302.8% during the first quarter. Millennium Management LLC now owns 42,834 shares of the business services provider’s stock valued at $1,138,000 after acquiring an additional 32,200 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Altisource Portfolio Solutions by 48.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 74,107 shares of the business services provider’s stock valued at $2,388,000 after acquiring an additional 24,161 shares during the last quarter. 71.63% of the stock is owned by hedge funds and other institutional investors.

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Altisource Portfolio Solutions Company Profile (NASDAQ:ASPS)

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.

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