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

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

Hudson Global Trading Down 2.2 %

Shares of HSON opened at $10.52 on Wednesday. Hudson Global has a 12-month low of $10.01 and a 12-month high of $19.70. The stock has a market cap of $28.93 million, a P/E ratio of -9.14, a PEG ratio of 0.37 and a beta of 0.54. The company has a 50-day moving average of $11.54 and a two-hundred day moving average of $13.64.

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

Hedge Funds Weigh In On Hudson Global

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp acquired a new stake in shares of Hudson Global during the fourth quarter valued at about $166,000. Manatuck Hill Partners LLC boosted its stake in shares of Hudson Global by 33.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock valued at $783,000 after buying an additional 15,000 shares during the last quarter. Finally, Mink Brook Asset Management LLC bought a new position in Hudson Global during the 4th quarter valued at $3,407,000. Hedge funds and other institutional investors own 47.23% of the company’s stock.

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.