Hudson Technologies (HDSN) Sees Unusually-High Trading Volume

Hudson Technologies, Inc. (NASDAQ:HDSN) shares saw an uptick in trading volume on Monday . 7,385,955 shares changed hands during trading, an increase of 1,260% from the previous session’s volume of 543,048 shares.The stock last traded at $1.61 and had previously closed at $1.09.

A number of research firms have weighed in on HDSN. Zacks Investment Research raised Hudson Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Roth Capital reissued a “buy” rating on shares of Hudson Technologies in a research note on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.50.

The company has a quick ratio of 0.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.84. The stock has a market cap of $46.22 million, a P/E ratio of 3.43 and a beta of 1.59.

A number of large investors have recently bought and sold shares of the business. Pekin Singer Strauss Asset Management IL raised its holdings in shares of Hudson Technologies by 14.8% in the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 2,928,400 shares of the industrial products company’s stock valued at $3,748,000 after buying an additional 377,478 shares during the period. United Services Automobile Association raised its holdings in shares of Hudson Technologies by 274.6% in the 2nd quarter. United Services Automobile Association now owns 552,328 shares of the industrial products company’s stock valued at $1,110,000 after buying an additional 404,870 shares during the period. Granahan Investment Management Inc. MA raised its holdings in shares of Hudson Technologies by 183.3% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 1,035,117 shares of the industrial products company’s stock valued at $2,081,000 after buying an additional 669,745 shares during the period. Thompson Investment Management Inc. raised its holdings in shares of Hudson Technologies by 123.6% in the 3rd quarter. Thompson Investment Management Inc. now owns 145,325 shares of the industrial products company’s stock valued at $186,000 after buying an additional 80,325 shares during the period. Finally, LMR Partners LLP purchased a new stake in shares of Hudson Technologies in the 2nd quarter valued at $211,000. Institutional investors own 72.13% of the company’s stock.

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Hudson Technologies Company Profile (NASDAQ:HDSN)

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.

Further Reading: Return on Equity (ROE)

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