Hudson Technologies (HDSN) Trading 6.3% Higher

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) traded up 6.3% on Thursday . The company traded as high as $6.33 and last traded at $6.06. 1,215,300 shares were traded during trading, an increase of 98% from the average session volume of 613,494 shares. The stock had previously closed at $5.70.

A number of analysts have recently weighed in on the company. ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. B. Riley set a $8.00 target price on Hudson Technologies and gave the company a “hold” rating in a research report on Wednesday, October 11th. Roth Capital set a $11.00 target price on Hudson Technologies and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.25.

The company has a market capitalization of $254.76, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The business had revenue of $24.70 million during the quarter, compared to the consensus estimate of $25.00 million. During the same period in the prior year, the company earned $0.14 EPS. Hudson Technologies’s revenue for the quarter was down 29.2% on a year-over-year basis. analysts expect that Hudson Technologies, Inc. will post 0.3 EPS for the current year.

In other Hudson Technologies news, Director Richard Parrillo acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of $5.80 per share, for a total transaction of $58,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 18.00% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in HDSN. Vanguard Group Inc. lifted its position in shares of Hudson Technologies by 12.5% during the 1st quarter. Vanguard Group Inc. now owns 1,257,194 shares of the industrial products company’s stock worth $8,297,000 after buying an additional 139,235 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hudson Technologies by 4.0% in the 1st quarter. Geode Capital Management LLC now owns 227,825 shares of the industrial products company’s stock worth $1,503,000 after purchasing an additional 8,805 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Hudson Technologies in the 2nd quarter worth about $339,000. Trexquant Investment LP acquired a new position in Hudson Technologies in the 2nd quarter worth about $143,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Hudson Technologies in the 2nd quarter worth about $505,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

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Hudson Technologies Company Profile

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

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