Hudson Global (NASDAQ:HSON) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued on Friday. The firm set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Price Performance

HSON opened at $16.90 on Friday. The company has a market capitalization of $47.66 million, a PE ratio of 24.49, a price-to-earnings-growth ratio of 0.49 and a beta of 0.61. Hudson Global has a fifty-two week low of $13.38 and a fifty-two week high of $24.00. The business has a 50-day moving average of $15.88 and a 200-day moving average of $16.00.

Hudson Global (NASDAQ:HSON) last posted its earnings results on Thursday, March 14th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. Hudson Global had a net margin of 1.36% and a return on equity of 5.71%. The firm had revenue of $33.97 million during the quarter, compared to analysts’ expectations of $38.02 million. On average, equities research analysts expect that Hudson Global will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Hudson Global

A number of institutional investors and hedge funds have recently made changes to their positions in HSON. JPMorgan Chase & Co. bought a new position in shares of Hudson Global in the 2nd quarter valued at approximately $29,000. Victory Capital Management Inc. acquired a new stake in shares of Hudson Global in the fourth quarter worth $51,000. UBS Group AG boosted its holdings in shares of Hudson Global by 241.4% during the 1st quarter. UBS Group AG now owns 1,502 shares of the business services provider’s stock worth $61,000 after buying an additional 1,062 shares during the period. Royal Bank of Canada grew its stake in Hudson Global by 42.3% in the 2nd quarter. Royal Bank of Canada now owns 6,261 shares of the business services provider’s stock valued at $134,000 after buying an additional 1,861 shares during the last quarter. Finally, State Street Corp raised its holdings in Hudson Global by 8.3% in the 1st quarter. State Street Corp now owns 9,929 shares of the business services provider’s stock worth $404,000 after acquiring an additional 757 shares during the period. Institutional investors and hedge funds own 47.23% of the company’s stock.

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.