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

Equities researchers at StockNews.com began coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued to clients and investors on Thursday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Stock Up 1.1 %

Shares of Hudson Global stock opened at $17.59 on Thursday. Hudson Global has a 12-month low of $13.38 and a 12-month high of $24.00. The stock has a market capitalization of $49.60 million, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 0.48 and a beta of 0.61. The company has a 50-day simple moving average of $15.58 and a 200 day simple moving average of $16.06.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSON. Vanguard Group Inc. raised its position in shares of Hudson Global by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 142,367 shares of the business services provider’s stock worth $2,205,000 after acquiring an additional 2,814 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Hudson Global during the 4th quarter valued at about $51,000. Mariner LLC bought a new position in shares of Hudson Global in the 3rd quarter valued at about $1,563,000. Royal Bank of Canada grew its position in shares of Hudson Global by 42.3% during the 2nd quarter. Royal Bank of Canada now owns 6,261 shares of the business services provider’s stock worth $134,000 after buying an additional 1,861 shares during the period. Finally, BlackRock Inc. grew its position in shares of Hudson Global by 1.1% during the 2nd quarter. BlackRock Inc. now owns 62,110 shares of the business services provider’s stock worth $1,337,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds 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.