Hudson Technologies, Inc. (NASDAQ:HDSN) VP Stephen P. Mandracchia bought 2,000 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were acquired at an average price of $5.51 per share, for a total transaction of $11,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hudson Technologies, Inc. (NASDAQ HDSN) traded down $0.08 during mid-day trading on Friday, hitting $5.40. 619,654 shares of the company’s stock traded hands, compared to its average volume of 385,598. The stock has a market capitalization of $228.95, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 0.54 and a beta of 1.04. Hudson Technologies, Inc. has a 1-year low of $5.35 and a 1-year high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, March 7th. The industrial products company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The business had revenue of $24.60 million during the quarter, compared to analyst estimates of $17.02 million. Hudson Technologies had a net margin of 7.95% and a return on equity of 11.95%. The company’s quarterly revenue was up 215.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) earnings per share. sell-side analysts forecast that Hudson Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.
HDSN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. BidaskClub raised shares of Hudson Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. Roth Capital set a $9.00 price target on shares of Hudson Technologies and gave the company a “buy” rating in a research report on Thursday, March 8th. Finally, William Blair reissued an “outperform” rating on shares of Hudson Technologies in a research report on Thursday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Hudson Technologies has an average rating of “Hold” and a consensus target price of $7.75.
Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in shares of Hudson Technologies by 13.2% during the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock valued at $146,000 after buying an additional 2,025 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Hudson Technologies by 3.0% during the third quarter. Allianz Asset Management GmbH now owns 421,177 shares of the industrial products company’s stock valued at $3,289,000 after buying an additional 12,415 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Hudson Technologies in the 2nd quarter valued at approximately $131,000. Thompson Davis & CO. Inc. raised its position in shares of Hudson Technologies by 48.2% in the 4th quarter. Thompson Davis & CO. Inc. now owns 48,391 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 15,730 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in shares of Hudson Technologies in the 3rd quarter valued at approximately $144,000. 77.87% of the stock is owned by institutional investors and hedge funds.
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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