Hudson Global (NASDAQ:HSON) Now Covered by StockNews.com

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

Hudson Global Stock Up 2.3 %

HSON opened at $16.24 on Tuesday. The firm’s fifty day simple moving average is $16.88 and its two-hundred day simple moving average is $15.84. Hudson Global has a 52-week low of $13.38 and a 52-week high of $24.00. The company has a market cap of $45.96 million, a price-to-earnings ratio of -43.89 and a beta of 0.62.

Hudson Global (NASDAQ:HSON) last issued its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.04 earnings per share for the quarter. Hudson Global had a negative net margin of 0.69% and a negative return on equity of 0.36%. The firm had revenue of $33.97 million for the quarter, compared to analyst estimates of $38.02 million. On average, research analysts forecast that Hudson Global will post -0.14 EPS 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 Hudson Global, Inc. (NASDAQ:HSON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission. 47.23% of the stock is currently owned by institutional investors.

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.