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

StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research note issued to investors on Wednesday. The firm set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Stock Performance

NASDAQ:HSON opened at $15.30 on Wednesday. The stock has a fifty day moving average price of $17.57 and a two-hundred day moving average price of $16.83. The stock has a market capitalization of $42.15 million, a price-to-earnings ratio of -41.35 and a beta of 0.58. Hudson Global has a 1 year low of $13.38 and a 1 year high of $20.25.

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

Institutional Trading of Hudson Global

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. bought a new stake in Hudson Global, Inc. (NASDAQ:HSON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.