Hudson Global (NASDAQ:HSON) Earns Strong-Buy Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a report issued on Sunday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Trading Up 5.1 %

Hudson Global stock opened at $16.61 on Friday. Hudson Global has a 12 month low of $13.38 and a 12 month high of $24.00. The business’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $15.82. The company has a market cap of $47.01 million, a price-to-earnings ratio of -44.89 and a beta of 0.52.

Hudson Global (NASDAQ:HSON) last posted its quarterly earnings data on Friday, May 10th. The business services provider reported ($0.72) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.98). The firm had revenue of $33.89 million during the quarter, compared to analysts’ expectations of $34.80 million. Hudson Global had a negative net margin of 0.69% and a negative return on equity of 0.36%. As a group, equities research analysts forecast that Hudson Global will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Global

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. bought a new position in shares of Hudson Global, Inc. (NASDAQ:HSON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned approximately 0.12% of Hudson Global at the end of the most recent reporting period. Hedge funds and other institutional investors 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.