Hudson Global (NASDAQ:HSON) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Hudson Global (NASDAQ:HSON) from a strong-buy rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Hudson Global, Inc. provides recruitment and related talent solutions worldwide. The services offered by the Company include Permanent Recruitment, Contract Consulting, Legal eDiscovery, Recruitment Process Outsourcing and Talent Management solutions. Its clients include small to large-sized corporations and government agencies. Hudson Global, Inc., formerly known as Hudson Highland Group, Inc., is based in New York. “

Hudson Global stock opened at $15.90 on Monday. The stock’s fifty day moving average is $16.72 and its two-hundred day moving average is $17.53. The stock has a market cap of $42.77 million, a PE ratio of -144.55, a P/E/G ratio of 0.59 and a beta of 0.52. Hudson Global has a 1-year low of $9.59 and a 1-year high of $19.90.

Hudson Global (NASDAQ:HSON) last released its quarterly earnings data on Friday, August 6th. The business services provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The company had revenue of $39.67 million for the quarter, compared to analysts’ expectations of $35.25 million. Hudson Global had a negative net margin of 0.22% and a positive return on equity of 0.48%. As a group, analysts anticipate that Hudson Global will post 1.13 earnings per share for the current year.

A hedge fund recently bought a new stake in Hudson Global stock. State Street Corp acquired a new stake in Hudson Global, Inc. (NASDAQ:HSON) during the second quarter, according to its most recent filing with the SEC. The firm acquired 11,972 shares of the business services provider’s stock, valued at approximately $210,000. State Street Corp owned about 0.45% of Hudson Global at the end of the most recent reporting period. Institutional investors own 46.38% of the company’s stock.

About Hudson Global

Hudson Global, Inc is a talent solutions company, which engages in the provision of recruitment outsourcing and total talent solutions to organizations. It operates through the following segments: Americas, Asia Pacific, and Europe. Its services include permanent recruitment, contracting, recruitment process outsourcing, and talent management solutions.

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