Hudson Global Inc (NASDAQ:HSON) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,300 shares, an increase of 87.0% from the July 31st total of 2,300 shares. Based on an average trading volume of 3,200 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.2% of the company’s shares are short sold.
Shares of HSON traded down $0.04 during midday trading on Friday, hitting $11.94. The stock had a trading volume of 1,771 shares, compared to its average volume of 7,790. Hudson Global has a 1 year low of $10.26 and a 1 year high of $17.20. The firm has a market cap of $35.34 million, a PE ratio of -7.46 and a beta of 0.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 4.61. The stock’s 50 day moving average is $11.88 and its 200 day moving average is $6.40.
Hudson Global (NASDAQ:HSON) last announced its earnings results on Wednesday, August 14th. The business services provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). Hudson Global had a negative net margin of 5.62% and a negative return on equity of 7.93%. The firm had revenue of $26.41 million during the quarter, compared to analysts’ expectations of $26.15 million. As a group, equities research analysts expect that Hudson Global will post -0.46 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Hudson Global from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. BidaskClub downgraded shares of Hudson Global from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th.
About Hudson Global
Hudson Global, Inc provides talent solutions for small to large-sized corporations and government agencies under the Hudson RPO brand worldwide. It offers recruitment process outsourcing (RPO) recruitment services, such as complete recruitment outsourcing, project-based outsourcing, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services.
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