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

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

Hudson Global Price Performance

Hudson Global stock opened at $16.61 on Friday. The firm has a 50-day moving average of $16.11 and a two-hundred day moving average of $15.82. Hudson Global has a 1 year low of $13.38 and a 1 year high of $24.00. The stock has a market cap of $47.01 million, a price-to-earnings ratio of -44.89 and a beta of 0.52.

Hudson Global (NASDAQ:HSON) last announced its quarterly earnings results on Friday, May 10th. The business services provider reported ($0.72) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.98). Hudson Global had a negative return on equity of 0.36% and a negative net margin of 0.69%. The business had revenue of $33.89 million during the quarter, compared to analysts’ expectations of $34.80 million. Research analysts expect that Hudson Global will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Global

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. bought a new stake in shares of Hudson Global, Inc. (NASDAQ:HSON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing. Hedge funds and other 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.