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

Research analysts at StockNews.com began coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued on Tuesday. The brokerage set a “hold” rating on the business services provider’s stock.

Hudson Global Stock Up 4.0 %

Shares of Hudson Global stock opened at $10.92 on Tuesday. The firm has a market cap of $29.81 million, a price-to-earnings ratio of -9.49, a PEG ratio of 0.37 and a beta of 0.54. Hudson Global has a twelve month low of $10.10 and a twelve month high of $19.70. The business has a 50-day moving average price of $11.95 and a 200-day moving average price of $13.97.

Hudson Global (NASDAQ:HSON) last released 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. The business had revenue of $33.60 million during the quarter, compared to analysts’ expectations of $37.17 million. Hudson Global had a negative return on equity of 5.22% and a negative net margin of 2.46%. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts expect that Hudson Global will post -0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Global

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