Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.25.
HDSN has been the topic of several recent analyst reports. BidaskClub upgraded shares of Hudson Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. B. Riley restated a “hold” rating and issued a $7.50 target price on shares of Hudson Technologies in a report on Tuesday, November 7th. Finally, Roth Capital set a $11.00 target price on shares of Hudson Technologies and gave the stock a “buy” rating in a report on Thursday, October 5th.
In other news, Director Richard Parrillo bought 10,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were purchased 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 is accessible through this hyperlink. 18.00% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Hudson Technologies in the second quarter worth $107,000. Gotham Asset Management LLC lifted its stake in 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 acquiring an additional 2,994 shares during the period. Optimum Investment Advisors lifted its stake in 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 acquiring an additional 2,000 shares during the period. Voya Investment Management LLC purchased a new stake in Hudson Technologies in the second quarter worth $131,000. Finally, Ameriprise Financial Inc. lifted its stake in Hudson Technologies by 13.2% in the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 2,025 shares during the period. 80.21% of the stock is owned by institutional investors.
Shares of Hudson Technologies (NASDAQ:HDSN) traded down $0.19 during midday trading on Friday, reaching $6.28. 384,777 shares of the company’s stock were exchanged, compared to its average volume of 366,727. Hudson Technologies has a twelve month low of $5.40 and a twelve month high of $10.40. The company has a market capitalization of $276.20, a PE ratio of 19.03, a P/E/G ratio of 0.63 and a beta of 1.07.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The business had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $25.00 million. During the same period last year, the business earned $0.14 earnings per share. The business’s quarterly revenue was down 29.2% on a year-over-year basis. sell-side analysts predict that Hudson Technologies will post 0.3 earnings per share for the current year.
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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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