Hudson Global (NASDAQ:HSON) Stock Passes Above 200 Day Moving Average – Time to Sell?

Hudson Global, Inc. (NASDAQ:HSON) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.52 and traded as high as $10.00. Hudson Global shares last traded at $10.42, with a volume of 25,350 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Hudson Global in a research report on Wednesday, May 21st. They set a “hold” rating on the stock.

Hudson Global Stock Up 5.5%

The company’s 50-day moving average is $9.00 and its two-hundred day moving average is $9.52. The company has a market capitalization of $28.75 million, a P/E ratio of -8.01 and a beta of 0.37.

Hudson Global (NASDAQ:HSON) last announced its earnings results on Friday, August 8th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.05). Hudson Global had a negative return on equity of 3.81% and a negative net margin of 2.81%.The company had revenue of $35.54 million during the quarter, compared to analysts’ expectations of $34.38 million. On average, sell-side analysts predict that Hudson Global, Inc. will post -0.87 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC grew its position in Hudson Global by 1.6% in the first quarter. Mink Brook Asset Management LLC now owns 265,257 shares of the business services provider’s stock worth $2,830,000 after acquiring an additional 4,214 shares in the last quarter. Steel Grove Capital Advisors LLC bought a new position in Hudson Global during the second quarter valued at approximately $93,000. Finally, Northern Trust Corp bought a new position in Hudson Global during the fourth quarter valued at approximately $166,000. 47.23% of the stock is currently owned by hedge funds and other 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.