Hudson Technologies, Inc. (NASDAQ:HDSN) – Equities researchers at B. Riley issued their FY2019 EPS estimates for Hudson Technologies in a report issued on Tuesday, Zacks Investment Research reports. B. Riley analyst S. Sherbetchyan forecasts that the industrial products company will earn $0.47 per share for the year. B. Riley has a “Neutral” rating and a $6.50 price objective on the stock.
A number of other brokerages have also issued reports on HDSN. ValuEngine lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. BidaskClub upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. William Blair reiterated an “outperform” rating on shares of Hudson Technologies in a research note on Thursday, March 8th. Finally, Roth Capital set a $9.00 price objective on Hudson Technologies and gave the company a “buy” rating in a research report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.75.
Shares of Hudson Technologies (NASDAQ:HDSN) traded down $0.02 during mid-day trading on Wednesday, reaching $5.47. The company’s stock had a trading volume of 376,708 shares, compared to its average volume of 355,180. Hudson Technologies has a 1-year low of $5.37 and a 1-year high of $10.40. The stock has a market cap of $232.34, a price-to-earnings ratio of 21.00, a PEG ratio of 0.55 and a beta of 1.04.
Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, March 7th. The industrial products company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03. Hudson Technologies had a return on equity of 11.95% and a net margin of 7.95%. The company had revenue of $24.60 million for the quarter, compared to analysts’ expectations of $17.02 million. During the same period last year, the firm earned ($0.05) EPS. Hudson Technologies’s revenue for the quarter was up 215.4% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Stone Ridge Asset Management LLC purchased a new position in shares of Hudson Technologies during the fourth quarter valued at about $127,000. Voya Investment Management LLC purchased a new position in Hudson Technologies in the second quarter worth about $131,000. Two Sigma Advisers LP purchased a new position in Hudson Technologies in the fourth quarter worth about $136,000. Boothbay Fund Management LLC purchased a new position in Hudson Technologies in the third quarter worth about $144,000. Finally, Ameriprise Financial Inc. grew its position in Hudson Technologies by 13.2% in the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 2,025 shares in the last quarter. Hedge funds and other institutional investors own 77.87% of the company’s stock.
In other news, Director Richard Parrillo acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was purchased at an average price of $5.80 per share, for a total transaction of $58,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 18.00% of the company’s stock.
About Hudson Technologies
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.
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