Hudson Global (NASDAQ:HSON) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research note released on Wednesday. The firm issued a hold rating on the business services provider’s stock.

Hudson Global Stock Performance

NASDAQ:HSON opened at $10.72 on Wednesday. The firm has a market cap of $29.49 million, a P/E ratio of -9.32, a P/E/G ratio of 0.37 and a beta of 0.54. Hudson Global has a fifty-two week low of $10.01 and a fifty-two week high of $19.70. The firm has a 50-day simple moving average of $11.51 and a two-hundred day simple moving average of $13.60.

Hudson Global (NASDAQ:HSON) last announced its quarterly 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 net margin of 2.46% and a negative return on equity of 5.22%. The company had revenue of $33.60 million during the quarter, compared to the consensus estimate of $37.17 million. During the same quarter last year, the firm earned $0.04 earnings per share. On average, equities research analysts predict that Hudson Global will post -0.87 EPS for the current year.

Institutional Investors Weigh In On Hudson Global

Several institutional investors have recently modified their holdings of the business. Northern Trust Corp purchased a new position in Hudson Global in the 4th quarter worth about $166,000. Manatuck Hill Partners LLC boosted its holdings in shares of Hudson Global by 33.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock valued at $783,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in shares of Hudson Global in the fourth quarter worth approximately $3,407,000. 47.23% of the stock is owned by hedge funds and other institutional investors.

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.