Hudson Technologies, Inc. (HDSN) Cut 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 report issued on Wednesday.
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. “
HDSN has been the topic of a number of other research reports. ValuEngine downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Roth Capital set a $11.00 price target on shares of Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, October 5th. BidaskClub downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, B. Riley downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.50.
Hudson Technologies (NASDAQ:HDSN) traded down 15.59% during trading on Wednesday, hitting $6.39. 5,751,944 shares of the company traded hands. The company’s 50 day moving average is $8.47 and its 200-day moving average is $8.06. The stock has a market capitalization of $266.06 million, a PE ratio of 14.96 and a beta of 1.11. Hudson Technologies has a 52 week low of $5.55 and a 52 week high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $52.23 million for the quarter, compared to the consensus estimate of $46.34 million. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. Analysts predict that Hudson Technologies will post $0.40 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Hudson Technologies, Inc. (HDSN) Cut to “Sell” at Zacks Investment Research” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/11/hudson-technologies-inc-hdsn-cut-to-sell-at-zacks-investment-research.html.
A number of institutional investors have recently added to or reduced their stakes in HDSN. DnB Asset Management AS raised its stake in Hudson Technologies by 1,228.6% during the second quarter. DnB Asset Management AS now owns 603,180 shares of the industrial products company’s stock valued at $5,097,000 after purchasing an additional 557,780 shares in the last quarter. State Street Corp purchased a new stake in Hudson Technologies during the second quarter valued at $3,430,000. Systematic Financial Management LP raised its stake in Hudson Technologies by 42.2% during the second quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock valued at $10,738,000 after purchasing an additional 376,940 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Hudson Technologies by 33.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,442,918 shares of the industrial products company’s stock valued at $9,523,000 after purchasing an additional 363,346 shares in the last quarter. Finally, West Face Capital Inc. raised its stake in Hudson Technologies by 8.3% during the second quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock valued at $22,144,000 after purchasing an additional 200,000 shares in the last quarter. 75.66% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hudson Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.