Hudson Global (NASDAQ:HSON) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research note published on Tuesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Hudson Global Stock Performance

Shares of HSON opened at $10.56 on Tuesday. The firm has a market cap of $28.83 million, a PE ratio of -9.18, a PEG ratio of 0.37 and a beta of 0.54. The firm’s 50 day moving average price is $11.78 and its 200 day moving average price is $13.87. Hudson Global has a twelve month low of $10.01 and a twelve month high of $19.70.

Hudson Global (NASDAQ:HSON) last released its quarterly earnings results on Friday, March 14th. The business services provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Hudson Global had a negative net margin of 2.46% and a negative return on equity of 5.22%. The company had revenue of $33.60 million for the quarter, compared to analyst estimates of $37.17 million. During the same quarter last year, the firm posted $0.04 earnings per share. On average, sell-side analysts anticipate that Hudson Global will post -0.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Global

Institutional investors have recently modified their holdings of the company. Northern Trust Corp bought a new position in shares of Hudson Global in the fourth quarter valued at approximately $166,000. Mink Brook Asset Management LLC bought a new position in Hudson Global during the fourth quarter worth $3,407,000. Finally, Manatuck Hill Partners LLC increased its position in Hudson Global by 33.3% during the fourth quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock worth $783,000 after acquiring an additional 15,000 shares during the period. Institutional investors 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.