Hudson Global (NASDAQ:HSON) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the business services provider’s stock.

Hudson Global Trading Up 2.8 %

Hudson Global stock opened at $10.56 on Tuesday. The stock has a market cap of $28.83 million, a price-to-earnings ratio of -9.18, a PEG ratio of 0.37 and a beta of 0.54. The company’s 50-day moving average price is $11.78 and its two-hundred day moving average price is $13.87. Hudson Global has a 52 week low of $10.01 and a 52 week high of $19.70.

Hudson Global (NASDAQ:HSON) last released its earnings results on Friday, March 14th. The business services provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $33.60 million for 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 last year, the company earned $0.04 EPS. Research analysts expect that Hudson Global will post -0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp acquired a new position in shares of Hudson Global in the fourth quarter worth about $166,000. Manatuck Hill Partners LLC boosted its holdings in shares of Hudson Global by 33.3% during the fourth 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 period. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of Hudson Global during the fourth quarter worth approximately $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.