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

StockNews.com assumed coverage on shares of Hudson Global (NASDAQ:HSON) in a report released on Tuesday morning. The brokerage issued a strong-buy rating on the business services provider’s stock.

Hudson Global Trading Up 3.7 %

Shares of NASDAQ:HSON opened at $16.27 on Tuesday. Hudson Global has a 12-month low of $13.38 and a 12-month high of $22.06. The company has a market cap of $44.82 million, a PE ratio of -43.97 and a beta of 0.58. The stock has a 50 day moving average of $17.75 and a 200 day moving average of $16.76.

Hudson Global (NASDAQ:HSON) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.11. The firm had revenue of $35.71 million for the quarter, compared to the consensus estimate of $35.03 million. Hudson Global had a negative net margin of 1.45% and a negative return on equity of 2.60%. Equities research analysts predict that Hudson Global will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Global

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. bought a new position in Hudson Global, Inc. (NASDAQ:HSON) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned about 0.12% of Hudson Global at the end of the most recent quarter. Institutional investors own 47.23% of the company’s stock.

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.