Hudson Global (NASDAQ:HSON) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Hudson Global (NASDAQ:HSON) in a research note issued to investors on Monday. The firm set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Stock Performance

Shares of HSON opened at $17.59 on Monday. Hudson Global has a one year low of $13.38 and a one year high of $24.00. The stock has a market capitalization of $48.37 million, a price-to-earnings ratio of -47.30 and a beta of 0.55. The stock has a 50 day moving average price of $16.22 and a 200 day moving average price of $15.88.

Hudson Global (NASDAQ:HSON) last released its quarterly earnings data on Friday, May 10th. The business services provider reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.98). The company had revenue of $33.89 million for the quarter, compared to analyst estimates of $34.80 million. Hudson Global had a negative return on equity of 0.36% and a negative net margin of 0.69%. On average, analysts predict that Hudson Global will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Global

A hedge fund recently bought a new stake in Hudson Global stock. Victory Capital Management Inc. purchased a new stake in Hudson Global, Inc. (NASDAQ:HSON) during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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. 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.