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

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

Hudson Global Stock Down 3.4 %

Shares of HSON stock opened at $10.50 on Tuesday. The stock has a 50-day simple moving average of $11.90 and a 200 day simple moving average of $13.92. Hudson Global has a fifty-two week low of $10.01 and a fifty-two week high of $19.70. The stock has a market capitalization of $28.66 million, a P/E ratio of -9.13, a P/E/G ratio of 0.37 and a beta of 0.54.

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

Institutional Investors Weigh In On Hudson Global

Several hedge funds have recently modified their holdings of HSON. Mink Brook Asset Management LLC purchased a new stake in shares of Hudson Global during the fourth quarter valued at $3,407,000. Manatuck Hill Partners LLC lifted its holdings in shares of Hudson Global by 33.3% during the fourth 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 shares of Hudson Global during the fourth quarter valued at $166,000. 47.23% of the stock is owned by hedge funds and other 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.