Hudson Global (NASDAQ:HSON) Stock Passes Below 200 Day Moving Average of $32.22

Hudson Global, Inc. (NASDAQ:HSONGet Rating) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.22 and traded as low as $32.11. Hudson Global shares last traded at $33.00, with a volume of 7,844 shares traded.

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.79 and a quick ratio of 2.79. The company’s 50-day simple moving average is $35.59 and its 200-day simple moving average is $32.22. The stock has a market capitalization of $92.57 million, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.42 and a beta of 0.61.

Hudson Global (NASDAQ:HSONGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.78. Hudson Global had a net margin of 3.45% and a return on equity of 25.43%. The firm had revenue of $51.92 million for the quarter, compared to analyst estimates of $47.50 million. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, analysts forecast that Hudson Global, Inc. will post 3.93 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EAM Investors LLC increased its holdings in shares of Hudson Global by 1.3% in the first quarter. EAM Investors LLC now owns 46,515 shares of the business services provider’s stock valued at $1,892,000 after purchasing an additional 583 shares during the last quarter. State Street Corp increased its holdings in shares of Hudson Global by 8.3% in the first quarter. State Street Corp now owns 9,929 shares of the business services provider’s stock valued at $404,000 after purchasing an additional 757 shares during the last quarter. UBS Group AG increased its holdings in shares of Hudson Global by 241.4% in the first quarter. UBS Group AG now owns 1,502 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 1,062 shares during the last quarter. Dorsey Wright & Associates acquired a new position in shares of Hudson Global in the first quarter valued at $47,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Hudson Global by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 108,065 shares of the business services provider’s stock valued at $3,134,000 after purchasing an additional 2,300 shares during the last quarter. 62.53% of the stock is currently owned by hedge funds and other institutional investors.

About Hudson Global (NASDAQ:HSON)

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 complete 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.

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