StockNews.com Begins Coverage on Hudson Global (NASDAQ:HSON)

StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research report report published on Monday. The brokerage issued a strong-buy rating on the business services provider’s stock.

Hudson Global Trading Up 3.1 %

Hudson Global stock opened at $18.10 on Monday. The firm’s 50 day simple moving average is $16.30 and its 200 day simple moving average is $15.92. The firm has a market capitalization of $49.78 million, a PE ratio of -48.92 and a beta of 0.55. Hudson Global has a 1-year low of $13.38 and a 1-year high of $24.00.

Hudson Global (NASDAQ:HSON) last posted its earnings results on Friday, May 10th. The business services provider reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.98). The firm had revenue of $33.89 million for the quarter, compared to the consensus estimate of $34.80 million. Hudson Global had a negative return on equity of 0.36% and a negative net margin of 0.69%. Research analysts forecast that Hudson Global will post -0.14 earnings per share for the current year.

Institutional Trading of Hudson Global

A hedge fund recently bought a new stake in Hudson Global stock. Victory Capital Management Inc. acquired a new stake in shares of Hudson Global, Inc. (NASDAQ:HSON) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned approximately 0.12% of Hudson Global as of its most recent filing with the SEC. 47.23% of the stock is owned by institutional investors and hedge funds.

About Hudson Global

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.