Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) fell 5.6% during mid-day trading on Tuesday . The company traded as low as $0.79 and last traded at $0.80, 574,019 shares changed hands during mid-day trading. A decline of 3% from the average session volume of 589,391 shares. The stock had previously closed at $0.85.
A number of brokerages have issued reports on HDSN. ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th.
The company has a current ratio of 0.69, a quick ratio of 0.27 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $0.79 and its 200-day simple moving average is $0.66. The firm has a market capitalization of $35.06 million, a P/E ratio of -3.47 and a beta of 1.27.
Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Thursday, November 14th. The industrial products company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). Hudson Technologies had a negative net margin of 14.37% and a negative return on equity of 34.93%. The company had revenue of $45.63 million for the quarter, compared to the consensus estimate of $44.00 million. On average, equities research analysts expect that Hudson Technologies, Inc. will post -0.48 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in HDSN. Virtu Financial LLC grew its position in shares of Hudson Technologies by 50.7% during the 3rd quarter. Virtu Financial LLC now owns 57,418 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 19,321 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of Hudson Technologies during the 2nd quarter valued at approximately $123,000. Wells Fargo & Company MN grew its position in shares of Hudson Technologies by 16.5% during the 2nd quarter. Wells Fargo & Company MN now owns 744,069 shares of the industrial products company’s stock valued at $640,000 after acquiring an additional 105,467 shares during the period. BlackRock Inc. grew its position in shares of Hudson Technologies by 19.2% during the 2nd quarter. BlackRock Inc. now owns 961,981 shares of the industrial products company’s stock valued at $827,000 after acquiring an additional 154,798 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Hudson Technologies by 62.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,701,343 shares of the industrial products company’s stock valued at $1,463,000 after acquiring an additional 651,755 shares during the period. 44.63% of the stock is owned by hedge funds and other institutional investors.
Hudson Technologies Company Profile (NASDAQ:HDSN)
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 services.
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