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

Stock analysts at StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

Hudson Global Price Performance

NASDAQ HSON opened at $10.35 on Monday. The firm has a market capitalization of $28.25 million, a P/E ratio of -9.00, a P/E/G ratio of 0.37 and a beta of 0.54. Hudson Global has a 1-year low of $10.10 and a 1-year high of $19.70. The business’s 50-day simple moving average is $12.16 and its 200-day simple moving average is $14.18.

Institutional Investors Weigh In On Hudson Global

Several hedge funds have recently modified their holdings of HSON. Northern Trust Corp purchased a new stake in shares of Hudson Global during the 4th quarter valued at about $166,000. Manatuck Hill Partners LLC raised its holdings in shares of Hudson Global by 33.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock valued at $783,000 after buying an additional 15,000 shares during the period. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of Hudson Global during the 4th quarter valued at about $3,407,000. 47.23% of the stock is currently owned by hedge funds and other institutional investors.

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.