Hudson Global (NASDAQ:HSON) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Hudson Global (NASDAQ:HSON) in a research note released on Friday. The firm issued a strong-buy rating on the business services provider’s stock.

Hudson Global Trading Down 2.3 %

HSON opened at $16.51 on Friday. Hudson Global has a 1-year low of $13.38 and a 1-year high of $24.00. The stock’s fifty day simple moving average is $15.91 and its 200 day simple moving average is $15.98. The stock has a market cap of $46.56 million, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.49 and a beta of 0.61.

Hudson Global (NASDAQ:HSON) last posted its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.04 earnings per share for the quarter. Hudson Global had a return on equity of 5.71% and a net margin of 1.36%. The business had revenue of $33.97 million for the quarter, compared to analysts’ expectations of $38.02 million. Equities analysts forecast that Hudson Global will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Hudson Global by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 24,476 shares of the business services provider’s stock worth $553,000 after buying an additional 494 shares during the period. BlackRock Inc. increased its position in Hudson Global by 1.1% during the 2nd quarter. BlackRock Inc. now owns 62,110 shares of the business services provider’s stock worth $1,337,000 after buying an additional 650 shares during the period. State Street Corp increased its position in Hudson Global by 8.3% during the 1st quarter. State Street Corp now owns 9,929 shares of the business services provider’s stock worth $404,000 after buying an additional 757 shares during the period. JPMorgan Chase & Co. bought a new position in Hudson Global during the 2nd quarter worth $29,000. Finally, UBS Group AG increased its position in Hudson Global by 241.4% during the 1st quarter. UBS Group AG now owns 1,502 shares of the business services provider’s stock worth $61,000 after buying an additional 1,062 shares during the period. Institutional investors own 47.23% of the company’s stock.

About Hudson Global

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.