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

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

Hudson Global Price Performance

NASDAQ HSON opened at $9.68 on Friday. The firm’s fifty day moving average price is $10.83 and its 200 day moving average price is $13.11. Hudson Global has a 12 month low of $8.95 and a 12 month high of $19.70. The company has a market capitalization of $26.63 million, a price-to-earnings ratio of -8.42, a price-to-earnings-growth ratio of 0.37 and a beta of 0.44.

Hudson Global (NASDAQ:HSON) last posted its earnings results on Friday, March 14th. The business services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $33.60 million for the quarter, compared to analysts’ expectations of $37.17 million. Hudson Global had a negative return on equity of 5.22% and a negative net margin of 2.46%. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, sell-side analysts forecast that Hudson Global will post -0.87 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Global

Hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC acquired a new stake in Hudson Global during the 4th quarter worth $3,407,000. Manatuck Hill Partners LLC boosted its stake in shares of Hudson Global by 33.3% during the fourth 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 during the period. Finally, Northern Trust Corp purchased a new position in shares of Hudson Global during the fourth quarter worth about $166,000. 47.23% of the stock is currently owned by hedge funds and other institutional investors.

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.