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

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

Hudson Global Price Performance

Hudson Global stock opened at $17.91 on Wednesday. The company has a market capitalization of $49.25 million, a price-to-earnings ratio of -48.41 and a beta of 0.55. Hudson Global has a one year low of $13.38 and a one year high of $23.32. The company’s fifty day moving average price is $16.65 and its two-hundred day moving average price is $16.10.

Hudson Global (NASDAQ:HSON) last posted its earnings results 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). Hudson Global had a negative return on equity of 0.36% and a negative net margin of 0.69%. The business had revenue of $33.89 million for the quarter, compared to analyst estimates of $34.80 million. As a group, sell-side analysts anticipate that Hudson Global will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Global

A hedge fund recently bought a new stake in Hudson Global stock. Victory Capital Management Inc. bought a new stake in Hudson Global, Inc. (NASDAQ:HSON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned 0.12% of Hudson Global as of its most recent filing with the Securities and Exchange Commission (SEC). 47.23% of the stock is owned by institutional investors and hedge funds.

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.