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

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

Hudson Global Price Performance

Shares of HSON stock opened at $10.52 on Wednesday. Hudson Global has a 1-year low of $10.01 and a 1-year high of $19.70. The company has a 50-day moving average of $11.54 and a two-hundred day moving average of $13.64. The firm has a market cap of $28.93 million, a PE ratio of -9.14, a price-to-earnings-growth ratio of 0.37 and a beta of 0.54.

Hudson Global (NASDAQ:HSON) last released its 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. Hudson Global had a negative return on equity of 5.22% and a negative net margin of 2.46%. The company had revenue of $33.60 million during the quarter, compared to the consensus estimate of $37.17 million. During the same period in the previous year, the company posted $0.04 EPS. Sell-side analysts anticipate that Hudson Global will post -0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp purchased a new stake in shares of Hudson Global in the fourth quarter valued at about $166,000. Manatuck Hill Partners LLC lifted 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 purchased a new position in Hudson Global in the 4th quarter valued at $3,407,000. 47.23% of the stock is owned by hedge funds and other institutional investors.

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.