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

Research analysts at StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research note issued on Sunday. The brokerage set a “hold” rating on the business services provider’s stock.

Hudson Global Stock Down 4.2 %

Shares of NASDAQ HSON opened at $10.54 on Friday. The firm’s 50-day moving average price is $12.53 and its two-hundred day moving average price is $14.50. Hudson Global has a 52-week low of $10.50 and a 52-week high of $19.70. The stock has a market capitalization of $28.78 million, a P/E ratio of -9.17, a P/E/G ratio of 0.37 and a beta of 0.58.

Hedge Funds Weigh In On Hudson Global

Several institutional investors have recently modified their holdings of HSON. Northern Trust Corp bought a new stake in Hudson Global in the 4th quarter valued at about $166,000. Manatuck Hill Partners LLC increased its stake in shares of Hudson Global by 33.3% in the fourth quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock valued at $783,000 after purchasing an additional 15,000 shares during the period. Finally, Mink Brook Asset Management LLC bought a new stake in shares of Hudson Global during the fourth quarter valued at approximately $3,407,000. 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.