Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.75.
Several brokerages have recently weighed in on HDSN. William Blair reiterated an “outperform” rating on shares of Hudson Technologies in a research report on Thursday, March 8th. Roth Capital set a $9.00 target price on shares of Hudson Technologies and gave the company a “buy” rating in a research report on Thursday, March 8th. ValuEngine lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. B. Riley cut their price target on shares of Hudson Technologies from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Tuesday, March 6th. Finally, BidaskClub raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th.
In other news, CEO Kevin J. Zugibe purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was purchased at an average cost of $5.51 per share, with a total value of $27,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 8,000 shares of company stock valued at $44,070 over the last three months. 18.00% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in HDSN. DnB Asset Management AS lifted its holdings in Hudson Technologies by 193.9% during the 4th quarter. DnB Asset Management AS now owns 2,735,040 shares of the industrial products company’s stock valued at $16,602,000 after purchasing an additional 1,804,316 shares during the last quarter. Cooper Creek Partners Management LLC raised its stake in shares of Hudson Technologies by 92.4% in the fourth quarter. Cooper Creek Partners Management LLC now owns 2,429,182 shares of the industrial products company’s stock worth $14,745,000 after acquiring an additional 1,166,720 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of Hudson Technologies in the third quarter worth about $3,866,000. ArrowMark Colorado Holdings LLC raised its stake in shares of Hudson Technologies by 24.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,419,899 shares of the industrial products company’s stock worth $14,689,000 after acquiring an additional 472,409 shares during the last quarter. Finally, State Street Corp bought a new position in shares of Hudson Technologies in the second quarter worth about $3,430,000. 76.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Hudson Technologies (HDSN) traded down $0.20 during trading on Friday, hitting $4.69. 488,834 shares of the stock traded hands, compared to its average volume of 387,958. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.90 and a current ratio of 2.19. Hudson Technologies has a 1-year low of $4.68 and a 1-year high of $10.40. The firm has a market cap of $209.47, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.49 and a beta of 1.04.
Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, March 7th. The industrial products company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. Hudson Technologies had a net margin of 7.95% and a return on equity of 11.97%. The business had revenue of $24.60 million for the quarter, compared to analyst estimates of $17.02 million. During the same period in the previous year, the business earned ($0.05) EPS. The firm’s revenue was up 215.4% on a year-over-year basis. sell-side analysts predict that Hudson Technologies will post 0.4 earnings per share for the current year.
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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.
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