Hudson Technologies (HDSN) Stock Price Up 18.1%

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) were up 18.1% on Thursday . The stock traded as high as $1.75 and last traded at $1.70. Approximately 928,349 shares changed hands during trading, an increase of 271% from the average daily volume of 250,341 shares. The stock had previously closed at $1.44.

Several analysts have weighed in on HDSN shares. Zacks Investment Research raised Hudson Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Roth Capital reaffirmed a “buy” rating on shares of Hudson Technologies in a research note on Tuesday, November 13th. ValuEngine raised Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, TheStreet downgraded Hudson Technologies from a “c-” rating to a “d” rating in a research note on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.50.

The company has a current ratio of 2.09, a quick ratio of 0.44 and a debt-to-equity ratio of 1.30.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, December 5th. The industrial products company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.18). Hudson Technologies had a negative return on equity of 3.77% and a negative net margin of 30.62%. The firm had revenue of $40.55 million during the quarter, compared to the consensus estimate of $51.53 million. Equities analysts forecast that Hudson Technologies, Inc. will post 0.05 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc raised its stake in shares of Hudson Technologies by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 1,597,854 shares of the industrial products company’s stock worth $2,045,000 after buying an additional 18,319 shares in the last quarter. Marathon Capital Management raised its stake in shares of Hudson Technologies by 8.2% in the 3rd quarter. Marathon Capital Management now owns 895,975 shares of the industrial products company’s stock worth $1,146,000 after buying an additional 67,900 shares in the last quarter. United Services Automobile Association raised its stake in shares of Hudson Technologies by 39.3% in the 3rd quarter. United Services Automobile Association now owns 769,298 shares of the industrial products company’s stock worth $985,000 after buying an additional 216,970 shares in the last quarter. Virginia National Bank bought a new stake in shares of Hudson Technologies in the 3rd quarter worth $635,000. Finally, Norges Bank bought a new stake in shares of Hudson Technologies in the 4th quarter worth $351,000. 69.34% of the stock is currently owned by institutional investors.

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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.

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