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

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

Hudson Global Price Performance

Shares of HSON opened at $16.29 on Tuesday. Hudson Global has a 1 year low of $13.38 and a 1 year high of $24.00. The company has a 50 day simple moving average of $16.88 and a two-hundred day simple moving average of $15.84. The firm has a market cap of $46.10 million, a P/E ratio of -44.03 and a beta of 0.62.

Hudson Global (NASDAQ:HSON) last announced its quarterly earnings data on Thursday, March 14th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. Hudson Global had a negative net margin of 0.69% and a negative return on equity of 0.36%. The business had revenue of $33.97 million during the quarter, compared to analyst estimates of $38.02 million. On average, sell-side analysts anticipate that Hudson Global will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hudson Global stock. Mariner LLC bought a new stake in Hudson Global, Inc. (NASDAQ:HSON) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 82,919 shares of the business services provider’s stock, valued at approximately $1,563,000. Mariner LLC owned approximately 2.94% of Hudson Global as of its most recent filing with the Securities & Exchange Commission. 47.23% of the stock is currently owned by institutional investors and hedge funds.

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.