Hudson Technologies (NASDAQ:HDSN) Issues Quarterly Earnings Results

Hudson Technologies (NASDAQ:HDSN) announced its earnings results on Wednesday. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01, Zacks reports. The company had revenue of $65.25 million for the quarter, compared to the consensus estimate of $63.04 million. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. During the same period in the previous year, the business earned $0.33 EPS.

Hudson Technologies Stock Down 7.1 %

HDSN stock traded down $0.70 during trading hours on Thursday, hitting $9.10. The company’s stock had a trading volume of 3,553,604 shares, compared to its average volume of 502,045. The stock has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $12.55. Hudson Technologies has a 12 month low of $7.21 and a 12 month high of $15.24. The company has a market capitalization of $414.14 million, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.34 and a beta of 1.01.

Analysts Set New Price Targets

Several research firms recently weighed in on HDSN. Craig Hallum dropped their price target on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday. B. Riley reduced their price target on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Roth Mkm lowered their price objective on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $10.00 in a research report on Thursday. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $10.00 target price (down previously from $15.00) on shares of Hudson Technologies in a research note on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Hudson Technologies currently has an average rating of “Moderate Buy” and an average target price of $12.40.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.