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

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

Hudson Global Trading Down 0.4 %

Shares of Hudson Global stock opened at $16.40 on Wednesday. The company has a fifty day simple moving average of $17.66 and a 200-day simple moving average of $16.85. The stock has a market cap of $45.18 million, a price-to-earnings ratio of -44.32 and a beta of 0.58. Hudson Global has a 12-month low of $13.38 and a 12-month high of $22.06.

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, beating the consensus estimate of ($0.07) by $0.11. Hudson Global had a negative net margin of 1.45% and a negative return on equity of 2.60%. The company had revenue of $35.71 million during the quarter, compared to the consensus estimate of $35.03 million. On average, analysts forecast that Hudson Global will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Global

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. purchased a new position in shares of Hudson Global, Inc. (NASDAQ:HSON) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned 0.12% of Hudson Global at the end of the most recent reporting period. 47.23% of the stock is owned by institutional investors.

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.