Hudson Technologies (NASDAQ:HDSN) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, January 3rd.
Several other equities analysts also recently commented on HDSN. Roth Capital set a $11.00 target price on shares of Hudson Technologies and gave the stock a “buy” rating in a research report on Thursday, October 5th. B. Riley set a $8.00 target price on shares of Hudson Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.25.
Hudson Technologies (NASDAQ:HDSN) traded up $0.14 during midday trading on Wednesday, hitting $6.43. 286,200 shares of the stock were exchanged, compared to its average volume of 431,800. The firm has a market capitalization of $267.58, a P/E ratio of 20.09, a PEG ratio of 0.60 and a beta of 1.06. Hudson Technologies has a 1-year low of $5.40 and a 1-year high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $24.70 million for the quarter, compared to the consensus estimate of $25.00 million. Hudson Technologies had a net margin of 8.52% and a return on equity of 6.63%. The business’s quarterly revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. equities analysts expect that Hudson Technologies will post 0.3 EPS for the current fiscal year.
In other Hudson Technologies news, Director Richard Parrillo purchased 10,000 shares of the stock in a transaction dated Friday, December 15th. The shares were bought at an average cost of $5.80 per share, with a total value of $58,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.00% of the company’s stock.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Hudson Technologies in the second quarter valued at about $107,000. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Hudson Technologies by 20.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after buying an additional 2,500 shares during the period. Gotham Asset Management LLC lifted its stake in shares of Hudson Technologies by 25.0% in the second quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after buying an additional 2,994 shares during the period. Optimum Investment Advisors lifted its stake in shares of Hudson Technologies by 14.8% in the second quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock valued at $131,000 after buying an additional 2,000 shares during the period. Finally, Voya Investment Management LLC bought a new stake in shares of Hudson Technologies in the second quarter valued at about $131,000. 76.04% of the stock is currently owned by institutional investors.
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Hudson Technologies Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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