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

Investment analysts at StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSONGet Free Report) in a report released on Wednesday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Stock Down 1.1 %

HSON opened at $17.70 on Wednesday. The stock has a market capitalization of $49.91 million, a price-to-earnings ratio of 25.65, a P/E/G ratio of 0.51 and a beta of 0.61. Hudson Global has a twelve month low of $13.38 and a twelve month high of $24.03. The company has a 50-day simple moving average of $15.30 and a 200 day simple moving average of $16.16.

Hudson Global (NASDAQ:HSONGet Free Report) last posted its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $33.97 million for 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%. Sell-side analysts anticipate that Hudson Global will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mariner LLC bought a new stake in shares of Hudson Global during the 3rd quarter valued at approximately $1,563,000. Renaissance Technologies LLC lifted its stake in shares of Hudson Global by 14.0% in the 4th quarter. Renaissance Technologies LLC now owns 98,965 shares of the business services provider’s stock valued at $2,240,000 after acquiring an additional 12,146 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Hudson Global by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 142,367 shares of the business services provider’s stock valued at $2,205,000 after acquiring an additional 2,814 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Hudson Global by 2.3% during the 1st quarter. HighTower Advisors LLC now owns 92,921 shares of the business services provider’s stock valued at $2,069,000 after acquiring an additional 2,103 shares in the last quarter. Finally, BlackRock Inc. raised its position in Hudson Global by 1.1% in the second quarter. BlackRock Inc. now owns 62,110 shares of the business services provider’s stock valued at $1,337,000 after purchasing an additional 650 shares during the last quarter. Institutional investors own 47.23% of the company’s stock.

Hudson Global Company Profile

(Get Free Report)

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.

Further Reading

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