Shares of Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $8.6250.
HDSN has been the topic of several research reports. Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Canaccord Genuity Group dropped their price target on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th.
View Our Latest Report on HDSN
Hudson Technologies Price Performance
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The company had revenue of $78.35 million for the quarter, compared to analysts’ expectations of $74.20 million. On average, equities research analysts anticipate that Hudson Technologies will post 0.17 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Hudson Technologies news, major shareholder Hartree Partners, Lp purchased 5,317 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average price of $5.10 per share, for a total transaction of $27,116.70. Following the acquisition, the insider owned 5,205,317 shares in the company, valued at $26,547,116.70. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 998,217 shares of company stock valued at $5,822,138 in the last 90 days. 1.90% of the stock is owned by corporate insiders.
Institutional Trading of Hudson Technologies
Several large investors have recently made changes to their positions in the business. Kerrisdale Advisers LLC increased its stake in shares of Hudson Technologies by 420.6% in the second quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock worth $1,722,000 after acquiring an additional 242,354 shares during the period. Ancora Advisors LLC purchased a new stake in Hudson Technologies in the second quarter valued at $1,741,000. Empowered Funds LLC purchased a new stake in Hudson Technologies in the second quarter valued at $1,182,000. Public Employees Retirement System of Ohio acquired a new stake in Hudson Technologies during the 2nd quarter worth about $296,000. Finally, Bank of America Corp DE purchased a new position in shares of Hudson Technologies during the 2nd quarter valued at about $332,000. 71.34% of the stock is owned by hedge funds and other 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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