Zacks Investment Research upgraded shares of Hudson Technologies (NASDAQ:HDSN) from a sell rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “
Other analysts also recently issued reports about the company. Roth Capital set a $11.00 price target on Hudson Technologies and gave the stock a buy rating in a report on Thursday, October 5th. ValuEngine upgraded Hudson Technologies from a hold rating to a buy rating in a report on Wednesday, December 20th. Finally, B. Riley reiterated a hold rating and set a $7.50 price target on shares of Hudson Technologies in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $9.25.
Shares of Hudson Technologies (NASDAQ HDSN) opened at $6.37 on Wednesday. Hudson Technologies has a 1-year low of $5.40 and a 1-year high of $10.40. The firm has a market capitalization of $270.31, a PE ratio of 19.30, a price-to-earnings-growth ratio of 0.62 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The firm had revenue of $24.70 million during the quarter, compared to the consensus estimate of $25.00 million. During the same period last year, the business posted $0.14 EPS. The business’s revenue was down 29.2% compared to the same quarter last year. equities research analysts expect that Hudson Technologies will post 0.3 EPS for the current year.
In other news, Director Richard Parrillo bought 10,000 shares of Hudson Technologies stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $58,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 18.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of HDSN. DnB Asset Management AS grew its stake in shares of Hudson Technologies by 193.9% in the 4th quarter. DnB Asset Management AS now owns 2,735,040 shares of the industrial products company’s stock valued at $16,602,000 after buying an additional 1,804,316 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Hudson Technologies in the 3rd quarter valued at about $3,866,000. State Street Corp acquired a new stake in shares of Hudson Technologies in the 2nd quarter valued at about $3,430,000. Dimensional Fund Advisors LP grew its stake in shares of Hudson Technologies by 19.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,051,235 shares of the industrial products company’s stock valued at $16,020,000 after buying an additional 340,455 shares during the period. Finally, West Face Capital Inc. grew its stake in shares of Hudson Technologies by 8.3% in the 2nd quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock valued at $22,144,000 after buying an additional 200,000 shares during the period. Institutional investors own 76.04% of the company’s stock.
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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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