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

StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research note released on Friday. The firm issued a strong-buy rating on the business services provider’s stock.

Hudson Global Price Performance

Shares of HSON opened at $17.92 on Friday. The firm has a 50 day simple moving average of $17.08 and a two-hundred day simple moving average of $16.31. Hudson Global has a one year low of $13.38 and a one year high of $22.95. The company has a market cap of $49.37 million, a P/E ratio of -48.43 and a beta of 0.56.

Hudson Global (NASDAQ:HSON) last posted its quarterly 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 analyst estimates of $34.80 million. Hudson Global had a negative return on equity of 0.36% and a negative net margin of 0.69%. On average, analysts expect that Hudson Global will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. acquired a new position in shares of Hudson Global, Inc. (NASDAQ:HSON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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. 47.23% of the stock is currently 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.