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

Stock analysts at StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a report released on Wednesday. The brokerage set a “hold” rating on the business services provider’s stock.

Hudson Global Stock Performance

Shares of HSON stock opened at $10.67 on Wednesday. Hudson Global has a 52 week low of $10.01 and a 52 week high of $19.70. The stock has a market capitalization of $29.36 million, a PE ratio of -9.28, a PEG ratio of 0.37 and a beta of 0.54. The stock’s fifty day moving average is $11.64 and its 200-day moving average is $13.68.

Hudson Global (NASDAQ:HSON) last posted its quarterly earnings data on Friday, March 14th. The business services provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $33.60 million during the quarter, compared to analysts’ expectations of $37.17 million. Hudson Global had a negative net margin of 2.46% and a negative return on equity of 5.22%. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, analysts forecast that Hudson Global will post -0.87 earnings per share for the current fiscal year.

Institutional Trading of Hudson Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSON. Northern Trust Corp bought a new position in Hudson Global in the fourth quarter valued at approximately $166,000. Manatuck Hill Partners LLC lifted its stake 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 valued at $783,000 after purchasing an additional 15,000 shares during the period. Finally, Mink Brook Asset Management LLC bought a new position in shares of Hudson Global in the 4th quarter worth $3,407,000. 47.23% of the stock is currently owned by institutional investors and hedge funds.

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.