Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.28 and traded as low as $6.19. Hudson Technologies shares last traded at $6.31, with a volume of 410,712 shares traded.
Analyst Ratings Changes
HDSN has been the topic of several research analyst reports. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Canaccord Genuity Group lowered their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hudson Technologies currently has an average rating of “Hold” and a consensus price target of $8.88.
View Our Latest Analysis on Hudson Technologies
Hudson Technologies Stock Performance
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. On average, analysts anticipate that Hudson Technologies, Inc. will post 0.34 EPS for the current year.
Insider Activity
In related news, Director Jeffrey R. Feeler acquired 5,100 shares of Hudson Technologies stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $4.92 per share, for a total transaction of $25,092.00. Following the completion of the purchase, the director owned 9,165 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hartree Partners, Lp bought 4,634 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average price of $5.99 per share, with a total value of $27,757.66. Following the completion of the acquisition, the insider owned 4,975,936 shares of the company’s stock, valued at $29,805,856.64. This trade represents a 0.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 802,286 shares of company stock worth $4,669,439. Corporate insiders own 1.90% of the company’s stock.
Hedge Funds Weigh In On Hudson Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in HDSN. Westerly Capital Management LLC grew its position in shares of Hudson Technologies by 63.3% during the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after buying an additional 775,000 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock valued at $3,695,000 after acquiring an additional 447,987 shares in the last quarter. Marshall Wace LLP raised its holdings in Hudson Technologies by 270.4% in the fourth quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after acquiring an additional 339,543 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Hudson Technologies by 53,751.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after acquiring an additional 268,756 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in Hudson Technologies in the third quarter worth approximately $2,058,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Hudson Technologies Company Profile
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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