Hudson Technologies (NASDAQ:HDSN) released its quarterly earnings results on Wednesday. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.18), Morningstar.com reports. The company had revenue of $40.55 million for the quarter, compared to the consensus estimate of $51.53 million. Hudson Technologies had a negative return on equity of 16.74% and a negative net margin of 30.62%.
Shares of NASDAQ:HDSN opened at $1.51 on Thursday. Hudson Technologies has a twelve month low of $0.70 and a twelve month high of $6.98. The company has a market cap of $72.85 million, a P/E ratio of 3.21 and a beta of 1.60. The company has a quick ratio of 0.41, a current ratio of 2.09 and a debt-to-equity ratio of 1.30.
Several research firms have recently issued reports on HDSN. Zacks Investment Research downgraded Hudson Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday. Roth Capital reiterated a “buy” rating on shares of Hudson Technologies in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Hudson Technologies has an average rating of “Hold” and a consensus price target of $6.50.
Large investors have recently made changes to their positions in the stock. Pekin Singer Strauss Asset Management IL boosted its stake in Hudson Technologies by 14.8% during the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 2,928,400 shares of the industrial products company’s stock valued at $3,748,000 after purchasing an additional 377,478 shares during the period. United Services Automobile Association boosted its stake in Hudson Technologies by 274.6% during the 2nd quarter. United Services Automobile Association now owns 552,328 shares of the industrial products company’s stock valued at $1,110,000 after purchasing an additional 404,870 shares during the period. Granahan Investment Management Inc. MA boosted its stake in Hudson Technologies by 183.3% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 1,035,117 shares of the industrial products company’s stock valued at $2,081,000 after purchasing an additional 669,745 shares during the period. Thompson Investment Management Inc. boosted its stake in Hudson Technologies by 123.6% during the 3rd quarter. Thompson Investment Management Inc. now owns 145,325 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 80,325 shares during the period. Finally, LMR Partners LLP bought a new stake in Hudson Technologies during the 2nd quarter valued at approximately $211,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.
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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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