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

StockNews.com began coverage on shares of Hudson Global (NASDAQ:HSON) in a research note published on Saturday morning. The brokerage issued a strong-buy rating on the business services provider’s stock.

Hudson Global Price Performance

Shares of Hudson Global stock opened at $16.64 on Friday. The business’s fifty day moving average price is $16.17 and its two-hundred day moving average price is $15.87. The company has a market capitalization of $46.92 million, a P/E ratio of 24.12, a PEG ratio of 0.50 and a beta of 0.61. Hudson Global has a 1-year low of $13.38 and a 1-year high of $24.00.

Hudson Global (NASDAQ:HSON) last announced its earnings results on Thursday, March 14th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $33.97 million during the quarter, compared to analyst estimates of $38.02 million. Hudson Global had a net margin of 1.36% and a return on equity of 5.71%. On average, research analysts expect that Hudson Global will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Hudson Global

A hedge fund recently bought a new stake in Hudson Global stock. Victory Capital Management Inc. bought a new position in shares of Hudson Global, Inc. (NASDAQ:HSON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.