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

Research analysts at StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research note issued on Monday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Stock Performance

NASDAQ HSON opened at $17.57 on Monday. The stock has a 50 day moving average price of $17.80 and a 200-day moving average price of $16.68. Hudson Global has a one year low of $13.38 and a one year high of $22.20. The company has a market capitalization of $48.41 million, a P/E ratio of -47.49 and a beta of 0.56.

Hudson Global (NASDAQ:HSON) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.11. Hudson Global had a negative net margin of 1.45% and a negative return on equity of 2.60%. The business had revenue of $35.71 million during the quarter, compared to analysts’ expectations of $35.03 million. As a group, equities analysts predict that Hudson Global will post -0.03 EPS for the current fiscal year.

Institutional Trading of Hudson Global

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. acquired a new stake in shares of Hudson Global, Inc. (NASDAQ:HSON) in the fourth quarter, according to the company in its most recent 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 at the end of the most recent reporting period. 47.23% of the stock is owned by hedge funds and other institutional investors.

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.