Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.53 and traded as low as $5.33. Hudson Technologies shares last traded at $5.36, with a volume of 454,172 shares changing hands.
Analyst Ratings Changes
HDSN has been the topic of several recent analyst reports. Roth Mkm cut their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, March 6th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Canaccord Genuity Group lowered their price target on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. B. Riley Financial lowered their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hudson Technologies has an average rating of “Hold” and a consensus price target of $8.88.
View Our Latest Analysis on Hudson Technologies
Hudson Technologies Price Performance
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The firm had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. On average, research analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current year.
Insider Transactions at Hudson Technologies
In other news, Director Jeffrey R. Feeler purchased 5,100 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $4.92 per share, for a total transaction of $25,092.00. Following the completion of the acquisition, the director directly owned 9,165 shares of the company’s stock, valued at approximately $45,091.80. The trade was a 125.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Sheriff purchased 5,200 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $4.88 per share, with a total value of $25,376.00. Following the completion of the acquisition, the director directly owned 9,265 shares of the company’s stock, valued at approximately $45,213.20. This trade represents a 127.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 32,850 shares of company stock valued at $161,120 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.
Institutional Investors Weigh In On Hudson Technologies
A number of hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Hudson Technologies by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 1,247 shares during the period. Quarry LP raised its position in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares during the last quarter. First Trust Advisors LP raised its position in shares of Hudson Technologies by 2.2% during the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock valued at $853,000 after buying an additional 3,105 shares during the last quarter. Graham Capital Management L.P. raised its position in shares of Hudson Technologies by 9.7% during the fourth quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock valued at $253,000 after buying an additional 3,256 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.
About Hudson Technologies
Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.
Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.
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