Hudson Technologies (HDSN) Stock Rating Upgraded by BidaskClub

Hudson Technologies (NASDAQ:HDSN) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.

A number of other research analysts also recently issued reports on the company. ValuEngine downgraded Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley set a $8.00 price objective on Hudson Technologies and gave the company a “hold” rating in a research note on Wednesday, October 11th. Roth Capital set a $11.00 price objective on Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Zacks Investment Research downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.25.

Shares of Hudson Technologies (NASDAQ:HDSN) traded down $0.02 during trading on Friday, reaching $6.62. The company had a trading volume of 363,827 shares, compared to its average volume of 453,338. Hudson Technologies has a 1-year low of $5.40 and a 1-year high of $10.40. The company has a market capitalization of $277.46, a P/E ratio of 20.69, a P/E/G ratio of 0.64 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The business had revenue of $24.70 million during the quarter, compared to the consensus estimate of $25.00 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. Hudson Technologies’s revenue was down 29.2% compared to the same quarter last year. sell-side analysts expect that Hudson Technologies will post 0.3 EPS for the current fiscal year.

In other Hudson Technologies news, Director Richard Parrillo acquired 10,000 shares of Hudson Technologies stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $5.80 per share, for a total transaction of $58,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 18.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Optimum Investment Advisors lifted its position 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 buying an additional 2,000 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Hudson Technologies by 13.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock valued at $146,000 after buying an additional 2,025 shares during the last quarter. Gotham Asset Management LLC lifted its position 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 buying an additional 2,994 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Hudson Technologies by 3.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 421,177 shares of the industrial products company’s stock valued at $3,289,000 after buying an additional 12,415 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new position in shares of Hudson Technologies during the 2nd quarter valued at $131,000. 80.32% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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