Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) were down 5.8% on Wednesday . The stock traded as low as $2.10 and last traded at $2.11. Approximately 854,606 shares were traded during trading, an increase of 49% from the average daily volume of 575,394 shares. The stock had previously closed at $2.24.
Several analysts have recently weighed in on HDSN shares. ValuEngine downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Roth Capital set a $9.00 price objective on shares of Hudson Technologies and gave the stock a “buy” rating in a research report on Thursday, March 8th. William Blair restated an “outperform” rating on shares of Hudson Technologies in a research report on Thursday, March 8th. BidaskClub upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Zacks Investment Research downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.50.
The stock has a market capitalization of $93.71 million, a price-to-earnings ratio of 4.77, a P/E/G ratio of 1.40 and a beta of 1.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 2.09.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 9th. The industrial products company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Hudson Technologies had a return on equity of 6.51% and a net margin of 1.64%. The company had revenue of $42.43 million for the quarter, compared to analysts’ expectations of $45.88 million. analysts forecast that Hudson Technologies, Inc. will post 0.06 earnings per share for the current year.
In other Hudson Technologies news, CEO Kevin J. Zugibe purchased 20,000 shares of Hudson Technologies stock in a transaction that occurred on Wednesday, May 23rd. The stock was purchased at an average price of $2.11 per share, for a total transaction of $42,200.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard Parrillo purchased 25,000 shares of Hudson Technologies stock in a transaction that occurred on Wednesday, May 30th. The stock was acquired at an average price of $2.27 per share, with a total value of $56,750.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 50,000 shares of company stock valued at $110,600. 18.90% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in HDSN. Stone Ridge Asset Management LLC purchased a new stake in Hudson Technologies in the 4th quarter valued at $127,000. Two Sigma Advisers LP acquired a new position in Hudson Technologies in the 4th quarter valued at $136,000. Millennium Management LLC acquired a new position in Hudson Technologies in the 1st quarter valued at $149,000. Suntrust Banks Inc. acquired a new position in Hudson Technologies in the 4th quarter valued at $182,000. Finally, Goldman Sachs Group Inc. increased its stake in Hudson Technologies by 194.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 41,821 shares of the industrial products company’s stock valued at $254,000 after buying an additional 27,639 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Hudson Technologies Company Profile
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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