Hudson Global (NASDAQ:HSON) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued on Thursday. The brokerage set a “hold” rating on the business services provider’s stock.

Hudson Global Trading Up 7.6 %

NASDAQ:HSON opened at $9.95 on Thursday. The company has a market capitalization of $27.36 million, a P/E ratio of -8.65, a PEG ratio of 0.37 and a beta of 0.44. Hudson Global has a 12 month low of $9.24 and a 12 month high of $19.70. The firm has a fifty day simple moving average of $11.27 and a 200-day simple moving average of $13.40.

Hudson Global (NASDAQ:HSON) last issued its quarterly earnings results on Friday, March 14th. The business services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $33.60 million during the quarter, compared to analysts’ expectations of $37.17 million. Hudson Global had a negative return on equity of 5.22% and a negative net margin of 2.46%. During the same quarter in the previous year, the firm posted $0.04 EPS. Equities analysts forecast that Hudson Global will post -0.87 EPS for the current year.

Hedge Funds Weigh In On Hudson Global

A number of institutional investors have recently bought and sold shares of HSON. Northern Trust Corp purchased a new stake in shares of Hudson Global in the 4th quarter valued at $166,000. Manatuck Hill Partners LLC boosted its holdings in Hudson Global by 33.3% in the fourth quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock valued at $783,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Mink Brook Asset Management LLC acquired a new stake in Hudson Global during the 4th quarter worth about $3,407,000. 47.23% of the stock is owned by hedge funds and other institutional investors.

Hudson Global Company Profile

Hudson Global, Inc provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services, such as recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services.