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 report published on Wednesday. The brokerage issued a strong-buy rating on the business services provider’s stock.

Hudson Global Stock Down 3.5 %

Shares of HSON stock opened at $14.76 on Wednesday. The firm has a market capitalization of $40.66 million, a price-to-earnings ratio of -39.89 and a beta of 0.58. The stock has a fifty day moving average of $17.50 and a 200 day moving average of $16.83. Hudson Global has a 52 week low of $13.38 and a 52 week high of $20.25.

Hudson Global (NASDAQ:HSON) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.11. The business had revenue of $35.71 million during the quarter, compared to analyst estimates of $35.03 million. Hudson Global had a negative return on equity of 2.60% and a negative net margin of 1.45%. Equities research analysts anticipate that Hudson Global will post -0.03 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. acquired a new stake in shares of Hudson Global, Inc. (NASDAQ:HSON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned 0.12% of Hudson Global at the end of the most recent quarter. Hedge funds and other 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.