Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) Director Eric Prouty bought 5,000 shares of Hudson Technologies stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $4.84 per share, for a total transaction of $24,200.00. Following the completion of the acquisition, the director owned 153,852 shares in the company, valued at $744,643.68. This represents a 3.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hudson Technologies Stock Up 1.7%
Hudson Technologies stock opened at $4.92 on Friday. The firm has a market cap of $206.98 million, a PE ratio of 15.87 and a beta of 0.87. Hudson Technologies, Inc. has a 52-week low of $4.70 and a 52-week high of $10.52. The company’s 50 day moving average is $5.93 and its two-hundred day moving average is $6.83.
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 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 during the quarter, compared to analysts’ expectations of $57.15 million. On average, equities research analysts anticipate that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Key Hudson Technologies News
Here are the key news stories impacting Hudson Technologies this week:
- Positive Sentiment: Multiple insiders, including the CEO and several directors, bought shares in open-market transactions, a strong signal of management confidence in Hudson Technologies’ outlook. Insider Buying: Hudson Technologies (NASDAQ:HDSN) Director Acquires 5,000 Shares of Stock
- Neutral Sentiment: Hudson Technologies’ Q1 earnings were mixed: revenue beat expectations, but earnings per share missed estimates, leaving the market with an unclear fundamental picture. Hudson Technologies stock and earnings data
- Negative Sentiment: Sentiment from analysts remains cautious overall, with Wall Street Zen recently downgrading HDSN to “sell,” adding pressure even as insiders bought shares. Hudson Technologies Downgraded to Sell Rating by Wall Street Zen
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new stake in shares of Hudson Technologies in the third quarter valued at about $2,058,000. KBC Group NV purchased a new stake in shares of Hudson Technologies in the fourth quarter valued at about $843,000. FourThought Financial Partners LLC purchased a new stake in shares of Hudson Technologies in the third quarter valued at about $295,000. Aristides Capital LLC purchased a new stake in shares of Hudson Technologies in the third quarter valued at about $287,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Hudson Technologies in the third quarter valued at about $130,000. 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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