Hudson Technologies, Inc. (HDSN) Downgraded to Sell at Zacks Investment Research
Hudson Technologies, Inc. (NASDAQ:HDSN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “
Several other equities analysts have also recently commented on the company. BidaskClub raised Hudson Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Roth Capital set a $10.00 price target on Hudson Technologies and gave the stock a “buy” rating in a research report on Wednesday, June 28th. TheStreet upgraded Hudson Technologies from a “c+” rating to a “b” rating in a research report on Wednesday, May 31st. ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, B. Riley restated a “buy” rating and set a $8.50 price target on shares of Hudson Technologies in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $8.67.
Shares of Hudson Technologies (HDSN) traded up 1.08% during midday trading on Monday, hitting $8.41. The company had a trading volume of 686,405 shares. The firm has a market cap of $349.34 million, a price-to-earnings ratio of 24.03 and a beta of 1.13. Hudson Technologies has a one year low of $4.70 and a one year high of $9.44. The company’s 50 day moving average is $8.67 and its 200 day moving average is $7.62.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Hudson Technologies had a return on equity of 15.21% and a net margin of 11.56%. The business had revenue of $38.83 million during the quarter, compared to analysts’ expectations of $38.96 million. Equities analysts forecast that Hudson Technologies will post $0.43 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Bayesian Capital Management LP bought a new position in shares of Hudson Technologies during the fourth quarter valued at $105,000. AXA acquired a new position in Hudson Technologies during the first quarter worth approximately $106,000. Airain ltd acquired a new position in Hudson Technologies during the first quarter worth approximately $118,000. Thompson Davis & CO. Inc. boosted its position in Hudson Technologies by 6.0% in the second quarter. Thompson Davis & CO. Inc. now owns 35,500 shares of the industrial products company’s stock worth $128,000 after buying an additional 2,000 shares during the last quarter. Finally, Westwood Management Corp IL acquired a new position in Hudson Technologies during the third quarter worth approximately $133,000. Institutional investors own 76.61% of the company’s stock.
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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