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

Equities researchers at StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the business services provider’s stock.

Hudson Global Trading Up 3.8 %

Hudson Global stock opened at $9.90 on Friday. The firm’s fifty day moving average price is $10.55 and its two-hundred day moving average price is $12.87. The firm has a market capitalization of $27.22 million, a price-to-earnings ratio of -8.60, a price-to-earnings-growth ratio of 0.37 and a beta of 0.44. Hudson Global has a 1-year low of $8.95 and a 1-year high of $19.70.

Hudson Global (NASDAQ:HSON) last issued its quarterly earnings data on Friday, March 14th. The business services provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. Hudson Global had a negative return on equity of 5.22% and a negative net margin of 2.46%. The firm had revenue of $33.60 million during the quarter, compared to the consensus estimate of $37.17 million. During the same period in the prior year, the business posted $0.04 earnings per share. On average, research analysts forecast that Hudson Global will post -0.87 EPS for the current year.

Institutional Trading of Hudson Global

Several institutional investors have recently made changes to their positions in the company. Mink Brook Asset Management LLC bought a new position in shares of Hudson Global during the fourth quarter valued at about $3,407,000. Manatuck Hill Partners LLC lifted its position in shares of Hudson Global by 33.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock worth $783,000 after buying an additional 15,000 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in shares of Hudson Global in the 4th quarter worth approximately $166,000. Institutional investors own 47.23% of the company’s stock.

Hudson Global Company Profile

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.