Hudson Technologies (HDSN) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Hudson Technologies (NASDAQ:HDSN) from a hold rating to a sell rating in a report issued on Monday.

A number of other research firms have also recently issued reports on HDSN. B. Riley lowered their target price on Hudson Technologies from $7.50 to $6.50 and set a neutral rating for the company in a research note on Tuesday, March 6th. BidaskClub raised Hudson Technologies from a sell rating to a hold rating in a research note on Tuesday, March 6th. William Blair reissued an outperform rating on shares of Hudson Technologies in a research note on Thursday, March 8th. Roth Capital set a $9.00 target price on Hudson Technologies and gave the stock a buy rating in a research note on Thursday, March 8th. Finally, TheStreet cut Hudson Technologies from a b- rating to a c+ rating in a research note on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Hudson Technologies presently has an average rating of Hold and an average target price of $6.50.

Shares of Hudson Technologies opened at $2.06 on Monday, Marketbeat reports. The company has a quick ratio of 0.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.84. The firm has a market cap of $85.23 million, a P/E ratio of 4.38, a P/E/G ratio of 1.27 and a beta of 1.09. Hudson Technologies has a 12-month low of $1.93 and a 12-month high of $10.40.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, May 9th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Hudson Technologies had a return on equity of 6.51% and a net margin of 1.64%. The business had revenue of $42.43 million for the quarter, compared to the consensus estimate of $45.88 million. equities analysts anticipate that Hudson Technologies will post 0.06 EPS for the current year.

In other Hudson Technologies news, Director Richard Parrillo bought 25,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was acquired at an average cost of $2.27 per share, with a total value of $56,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kevin J. Zugibe bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 23rd. The shares were acquired at an average cost of $2.11 per share, with a total value of $42,200.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 50,000 shares of company stock valued at $110,600. 18.90% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in Hudson Technologies during the 1st quarter worth approximately $149,000. RMB Capital Management LLC boosted its position in Hudson Technologies by 14.7% during the 1st quarter. RMB Capital Management LLC now owns 679,104 shares of the industrial products company’s stock worth $3,355,000 after acquiring an additional 87,240 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Hudson Technologies by 20.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,095,066 shares of the industrial products company’s stock worth $5,409,000 after acquiring an additional 185,865 shares during the last quarter. Investment Management of Virginia LLC boosted its position in Hudson Technologies by 106.1% during the 1st quarter. Investment Management of Virginia LLC now owns 458,989 shares of the industrial products company’s stock worth $2,267,000 after acquiring an additional 236,325 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hudson Technologies by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,232 shares of the industrial products company’s stock worth $11,828,000 after acquiring an additional 39,208 shares during the last quarter. 80.94% of the stock is owned by hedge funds and other institutional investors.

About Hudson Technologies

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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