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

Investment analysts at StockNews.com assumed coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the business services provider’s stock.

Hudson Global Stock Down 2.2 %

Shares of NASDAQ HSON opened at $11.15 on Friday. The firm has a 50-day simple moving average of $12.93 and a 200-day simple moving average of $14.81. The stock has a market capitalization of $30.45 million, a price-to-earnings ratio of -9.70, a price-to-earnings-growth ratio of 0.37 and a beta of 0.58. Hudson Global has a 52 week low of $11.15 and a 52 week high of $19.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSON. Mink Brook Asset Management LLC acquired a new position in shares of Hudson Global in the 4th quarter valued at $3,407,000. Manatuck Hill Partners LLC raised its position in 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 valued at $783,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in Hudson Global in the 4th quarter valued at $166,000. Institutional investors and hedge funds own 47.23% of the company’s stock.

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.