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

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

Hudson Global Price Performance

Hudson Global stock opened at $16.90 on Friday. The business has a 50 day moving average of $15.91 and a 200-day moving average of $15.95. The company has a market capitalization of $47.66 million, a P/E ratio of 24.49, a P/E/G ratio of 0.49 and a beta of 0.61. Hudson Global has a 1 year low of $13.38 and a 1 year high of $24.00.

Hudson Global (NASDAQ:HSON) last announced its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $33.97 million during the quarter, compared to analysts’ expectations of $38.02 million. Hudson Global had a net margin of 1.36% and a return on equity of 5.71%. Equities analysts anticipate that Hudson Global will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in shares of Hudson Global during the second quarter worth about $29,000. Victory Capital Management Inc. bought a new position in Hudson Global during the 4th quarter worth approximately $51,000. UBS Group AG lifted its position in shares of Hudson Global by 241.4% in the 1st quarter. UBS Group AG now owns 1,502 shares of the business services provider’s stock worth $61,000 after purchasing an additional 1,062 shares during the period. Royal Bank of Canada boosted its stake in shares of Hudson Global by 42.3% in the 2nd quarter. Royal Bank of Canada now owns 6,261 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 1,861 shares during the last quarter. Finally, State Street Corp increased its position in shares of Hudson Global by 8.3% during the first quarter. State Street Corp now owns 9,929 shares of the business services provider’s stock worth $404,000 after buying an additional 757 shares during the period. 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.