ValuEngine upgraded shares of Hudson Technologies (NASDAQ:HDSN) from a hold rating to a buy rating in a research note issued to investors on Wednesday, December 20th.
A number of other brokerages have also recently weighed in on HDSN. B. Riley set a $8.00 price target on shares of Hudson Technologies and gave the company a hold rating in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Hudson Technologies from a hold rating to a sell rating in a research note on Wednesday, October 11th. Finally, Roth Capital set a $11.00 price objective on shares of Hudson Technologies and gave the company a buy rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Hudson Technologies has an average rating of Hold and a consensus target price of $9.25.
Shares of Hudson Technologies (NASDAQ HDSN) traded down $0.06 during mid-day trading on Wednesday, reaching $6.37. 269,560 shares of the company’s stock were exchanged, compared to its average volume of 445,084. The firm has a market capitalization of $270.31, a PE ratio of 19.30, a price-to-earnings-growth ratio of 0.62 and a beta of 1.07. Hudson Technologies has a 1 year low of $5.40 and a 1 year high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $25.00 million. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. Hudson Technologies’s revenue was down 29.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. sell-side analysts expect that Hudson Technologies will post 0.3 EPS for the current year.
In other news, Director Richard Parrillo acquired 10,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $5.80 per share, for a total transaction of $58,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 18.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of HDSN. SG Americas Securities LLC purchased a new stake in shares of Hudson Technologies during the second quarter valued at approximately $107,000. Sheaff Brock Investment Advisors LLC raised its stake in shares of Hudson Technologies by 20.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 2,500 shares during the period. Gotham Asset Management LLC increased its stake in shares of Hudson Technologies by 25.0% in the second quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock worth $126,000 after buying an additional 2,994 shares during the last quarter. Optimum Investment Advisors increased its stake in shares of Hudson Technologies by 14.8% in the second quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock worth $131,000 after buying an additional 2,000 shares during the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of Hudson Technologies in the second quarter worth $131,000. Institutional investors own 76.04% of the company’s stock.
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About Hudson Technologies
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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