Hudson Global (NASDAQ:HSON) Stock Crosses Above Two Hundred Day Moving Average of $15.92

Hudson Global, Inc. (NASDAQ:HSON)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.92 and traded as high as $17.38. Hudson Global shares last traded at $16.89, with a volume of 5,277 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Hudson Global in a research note on Saturday. They issued a “strong-buy” rating for the company.

Hudson Global Trading Down 0.2 %

The firm has a market capitalization of $47.63 million, a price-to-earnings ratio of 24.48, a P/E/G ratio of 0.49 and a beta of 0.61. The company’s 50 day moving average is $16.13 and its 200-day moving average is $15.92.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hudson Global stock. Mariner LLC purchased a new stake in Hudson Global, Inc. (NASDAQ:HSON) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 82,919 shares of the business services provider’s stock, valued at approximately $1,563,000. Mariner LLC owned 2.94% 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.