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

StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research report report published on Wednesday morning. The brokerage issued a strong-buy rating on the business services provider’s stock.

Hudson Global Stock Up 1.7 %

Shares of HSON opened at $18.31 on Wednesday. The stock has a 50 day moving average of $16.69 and a 200 day moving average of $16.12. Hudson Global has a 12 month low of $13.38 and a 12 month high of $23.32.

Hudson Global (NASDAQ:HSON) last released its earnings results on Friday, May 10th. The business services provider reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.98). The business had revenue of $33.89 million for the quarter, compared to the consensus estimate of $34.80 million. Hudson Global had a negative return on equity of 0.36% and a negative net margin of 0.69%. Research analysts predict that Hudson Global will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. bought a new position in Hudson Global, Inc. (NASDAQ:HSON) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned about 0.12% of Hudson Global at the end of the most recent reporting period. 47.23% of the stock is currently 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.