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

StockNews.com began coverage on shares of Hudson Global (NASDAQ:HSON) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the business services provider’s stock.

Hudson Global Price Performance

Shares of HSON opened at $9.47 on Friday. Hudson Global has a 12 month low of $8.83 and a 12 month high of $19.70. The stock’s 50-day moving average is $10.32 and its two-hundred day moving average is $12.63. The stock has a market cap of $26.05 million, a PE ratio of -8.23, a P/E/G ratio of 0.37 and a beta of 0.44.

Hudson Global (NASDAQ:HSON) last posted its earnings results on Friday, March 14th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $33.60 million for the quarter, compared to analysts’ expectations of $37.17 million. During the same period last year, the business posted $0.04 earnings per share. On average, research analysts anticipate that Hudson Global will post -0.87 earnings per share for the current year.

Institutional Trading of Hudson Global

Several institutional investors and hedge funds have recently bought and sold shares of HSON. Northern Trust Corp acquired a new position in shares of Hudson Global in the 4th quarter valued at about $166,000. Manatuck Hill Partners LLC increased its stake 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 worth $783,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Mink Brook Asset Management LLC acquired a new position in Hudson Global in the 4th quarter valued at $3,407,000. 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.