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

StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research report sent to investors on Thursday. The brokerage issued a buy rating on the business services provider’s stock.

Hudson Global Stock Performance

Hudson Global stock opened at $16.06 on Thursday. The firm has a market capitalization of $44.25 million, a price-to-earnings ratio of -43.41 and a beta of 0.58. The stock’s fifty day moving average is $17.29 and its two-hundred day moving average is $16.89. Hudson Global has a fifty-two week low of $13.38 and a fifty-two week high of $20.25.

Hudson Global (NASDAQ:HSON) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.11. The company had revenue of $35.71 million during the quarter, compared to the consensus estimate of $35.03 million. Hudson Global had a negative return on equity of 2.60% and a negative net margin of 1.45%. As a group, sell-side analysts forecast that Hudson Global will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Global

A hedge fund recently bought a new stake in Hudson Global stock. Victory Capital Management Inc. acquired a new stake in shares of Hudson Global, Inc. (NASDAQ:HSON) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 SEC filing. 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.