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

StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Hudson Global Price Performance

Shares of HSON opened at $10.72 on Wednesday. Hudson Global has a one year low of $10.01 and a one year high of $19.70. The company has a 50-day simple moving average of $11.51 and a two-hundred day simple moving average of $13.60. The firm has a market capitalization of $29.49 million, a PE ratio of -9.32, a price-to-earnings-growth ratio of 0.37 and a beta of 0.54.

Hudson Global (NASDAQ:HSON) last released its earnings results on Friday, March 14th. The business services provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $33.60 million during the quarter, compared to analysts’ expectations of $37.17 million. Hudson Global had a negative return on equity of 5.22% and a negative net margin of 2.46%. During the same quarter last year, the business posted $0.04 EPS. Analysts expect that Hudson Global will post -0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mink Brook Asset Management LLC purchased a new stake in Hudson Global in the fourth quarter worth about $3,407,000. Manatuck Hill Partners LLC boosted its position in shares of Hudson Global by 33.3% in the 4th quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock worth $783,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Hudson Global in the 4th quarter worth approximately $166,000. 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.