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

StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSONGet Rating) in a report issued on Tuesday. The brokerage issued a strong-buy rating on the business services provider’s stock.

Hudson Global Price Performance

HSON stock opened at $35.01 on Tuesday. The company has a market capitalization of $98.20 million, a PE ratio of 11.26, a P/E/G ratio of 0.54 and a beta of 0.53. Hudson Global has a 12 month low of $15.46 and a 12 month high of $44.00. The firm’s 50-day moving average is $32.24 and its 200 day moving average is $34.04.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HSON. HighTower Advisors LLC increased its stake in Hudson Global by 57.3% in the 4th quarter. HighTower Advisors LLC now owns 60,302 shares of the business services provider’s stock worth $1,749,000 after buying an additional 21,964 shares during the period. Acadian Asset Management LLC bought a new position in Hudson Global during the 4th quarter worth about $210,000. Renaissance Technologies LLC grew its holdings in Hudson Global by 2.2% during the 4th quarter. Renaissance Technologies LLC now owns 108,065 shares of the business services provider’s stock worth $3,134,000 after acquiring an additional 2,300 shares in the last quarter. Dorsey Wright & Associates bought a new position in Hudson Global during the 1st quarter worth about $47,000. Finally, Essex Investment Management Co. LLC bought a new position in Hudson Global during the 1st quarter worth about $873,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

Hudson Global Company Profile

(Get Rating)

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.

Further Reading

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