Hudson Technologies Inc. (HDSN) Stock Price Up 2.1%
Hudson Technologies Inc. (NASDAQ:HDSN) rose 2.1% on Tuesday . The stock traded as high as $6.00 and last traded at $5.93, with a volume of 123,447 shares. The stock had previously closed at $5.81.
HDSN has been the topic of several recent research reports. Zacks Investment Research raised shares of Hudson Technologies from a “hold” rating to a “strong-buy” rating and set a $5.75 target price on the stock in a research note on Wednesday, July 20th. Roth Capital reaffirmed a “buy” rating and set a $7.50 target price on shares of Hudson Technologies in a research note on Thursday, August 25th. TheStreet raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $7.00 target price on shares of Hudson Technologies in a research note on Tuesday, July 19th.
The stock has a market capitalization of $205.37 million, a P/E ratio of 26.57 and a beta of 1.34. The company has a 50-day moving average of $5.64 and a 200-day moving average of $4.09.
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Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Hudson Technologies had a net margin of 8.54% and a return on equity of 14.90%. The company had revenue of $34.60 million for the quarter, compared to analysts’ expectations of $34.24 million. On average, equities analysts forecast that Hudson Technologies Inc. will post $0.29 earnings per share for the current fiscal year.
In related news, VP Stephen P. Mandracchia sold 271,742 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $4.90, for a total value of $1,331,535.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian F. Coleman sold 178,514 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $4.94, for a total transaction of $881,859.16. The disclosure for this sale can be found here. Company insiders own 24.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HDSN. Granahan Investment Management Inc. MA boosted its stake in Hudson Technologies by 0.3% in the first quarter. Granahan Investment Management Inc. MA now owns 1,255,024 shares of the company’s stock valued at $4,116,000 after buying an additional 3,870 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in Hudson Technologies during the second quarter valued at about $191,000. RMB Capital Management LLC boosted its stake in Hudson Technologies by 14.5% in the first quarter. RMB Capital Management LLC now owns 785,103 shares of the company’s stock valued at $2,575,000 after buying an additional 99,270 shares in the last quarter. Blair William & Co. IL boosted its stake in Hudson Technologies by 6.8% in the second quarter. Blair William & Co. IL now owns 126,288 shares of the company’s stock valued at $455,000 after buying an additional 8,060 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Hudson Technologies by 6.9% in the first quarter. Royce & Associates LP now owns 1,400,004 shares of the company’s stock valued at $4,592,000 after buying an additional 90,000 shares in the last quarter. 61.39% of the stock is currently owned by institutional investors and hedge funds.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. Its products and services include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination.
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