Hudson Technologies, Inc. (NASDAQ:HDSN) – Analysts at Craig Hallum dropped their FY2018 earnings per share (EPS) estimates for Hudson Technologies in a research note issued to investors on Wednesday. Craig Hallum analyst S. Dyer now expects that the industrial products company will post earnings of $0.41 per share for the year, down from their previous forecast of $0.48.

Several other analysts have also recently issued reports on HDSN. Roth Capital set a $10.00 target price on Hudson Technologies and gave the company a “buy” rating in a research report on Saturday, June 17th. BidaskClub raised Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research cut Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, B. Riley cut Hudson Technologies from a “buy” rating to a “neutral” rating and increased their target price for the company from $8.50 to $10.00 in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Hudson Technologies has a consensus rating of “Hold” and a consensus price target of $9.50.

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Shares of Hudson Technologies (NASDAQ HDSN) traded down 0.63% on Thursday, reaching $6.35. The company’s stock had a trading volume of 1,312,481 shares. The firm has a market capitalization of $264.39 million, a PE ratio of 14.87 and a beta of 1.11. Hudson Technologies has a one year low of $5.55 and a one year high of $10.40. The firm has a 50-day moving average price of $8.47 and a 200 day moving average price of $8.06.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. The business had revenue of $52.23 million during the quarter, compared to analysts’ expectations of $46.34 million. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Hudson Technologies during the 2nd quarter valued at $107,000. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Hudson Technologies by 20.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 2,500 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Hudson Technologies by 25.0% during the 2nd quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 2,994 shares during the last quarter. Optimum Investment Advisors lifted its holdings in shares of Hudson Technologies by 14.8% during the 2nd quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of Hudson Technologies during the 2nd quarter valued at $131,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.

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.

Earnings History and Estimates for Hudson Technologies (NASDAQ:HDSN)

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