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

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

Hudson Global Trading Down 1.3 %

Shares of HSON opened at $14.70 on Wednesday. The stock’s fifty day simple moving average is $15.55 and its 200 day simple moving average is $17.81. Hudson Global has a twelve month low of $14.21 and a twelve month high of $27.10. The firm has a market capitalization of $41.45 million, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 0.37 and a beta of 0.60.

Hudson Global (NASDAQ:HSONGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.49). Hudson Global had a return on equity of 7.75% and a net margin of 0.89%. The firm had revenue of $39.40 million during the quarter, compared to analyst estimates of $45.49 million. Sell-side analysts predict that Hudson Global will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Hudson Global during the 2nd quarter worth approximately $29,000. UBS Group AG grew its holdings in shares of Hudson Global by 241.4% during the 1st quarter. UBS Group AG now owns 1,502 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 1,062 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Hudson Global during the 4th quarter valued at $51,000. Royal Bank of Canada grew its holdings in shares of Hudson Global by 42.3% during the 2nd quarter. Royal Bank of Canada now owns 6,261 shares of the business services provider’s stock valued at $134,000 after acquiring an additional 1,861 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Hudson Global by 8.3% during the 1st quarter. State Street Corp now owns 9,929 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 757 shares in the last quarter. Institutional investors own 48.84% of the company’s stock.

About Hudson Global

(Get Free Report)

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.

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