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

StockNews.com began coverage on shares of Hudson Global (NASDAQ:HSON) in a report released on Wednesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Hudson Global Price Performance

Shares of Hudson Global stock opened at $10.48 on Wednesday. The firm’s fifty day simple moving average is $11.60 and its 200-day simple moving average is $13.66. Hudson Global has a 12 month low of $10.01 and a 12 month high of $19.70. The stock has a market capitalization of $28.82 million, a price-to-earnings ratio of -9.11, a PEG ratio of 0.37 and a beta of 0.54.

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

Institutional Trading of Hudson Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC purchased a new position in shares of Hudson Global in the 4th quarter valued at approximately $3,407,000. Manatuck Hill Partners LLC lifted its holdings in shares of Hudson Global by 33.3% during the fourth quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock worth $783,000 after purchasing an additional 15,000 shares during the period. Finally, Northern Trust Corp purchased a new position in Hudson Global in the 4th quarter valued at $166,000. 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.