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

StockNews.com began coverage on shares of Hudson Global (NASDAQ:HSON) in a research report sent to investors on Tuesday morning. The firm issued a strong-buy rating on the business services provider’s stock.

Hudson Global Stock Up 2.3 %

HSON opened at $16.24 on Tuesday. Hudson Global has a 52 week low of $13.38 and a 52 week high of $24.00. The stock has a market cap of $45.96 million, a PE ratio of -43.89 and a beta of 0.62. The business has a 50 day moving average of $16.88 and a 200-day moving average of $15.84.

Hudson Global (NASDAQ:HSON) last announced its quarterly earnings data on Thursday, March 14th. The business services provider reported $0.04 EPS for the quarter. The business had revenue of $33.97 million during the quarter, compared to analyst estimates of $38.02 million. Hudson Global had a negative return on equity of 0.36% and a negative net margin of 0.69%. Equities analysts anticipate that Hudson Global will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Hudson Global

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. purchased a new position in Hudson Global, Inc. (NASDAQ:HSON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned about 0.12% of Hudson Global as of its most recent SEC filing. 47.23% of the stock is currently owned by institutional investors.

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.