Hudson Technologies (NASDAQ:HDSN) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.49 and traded as low as $7.37. Hudson Technologies shares last traded at $7.48, with a volume of 356,042 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on HDSN. Zacks Research downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hudson Technologies in a research note on Monday, December 29th. Wall Street Zen raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Canaccord Genuity Group decreased their price objective on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.33.

Hudson Technologies Price Performance

The firm has a market capitalization of $321.66 million, a P/E ratio of 14.96 and a beta of 0.86. The company’s 50 day moving average price is $7.07 and its 200 day moving average price is $8.49.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. Hudson Technologies had a return on equity of 8.97% and a net margin of 9.60%.The business had revenue of $74.01 million for the quarter, compared to analysts’ expectations of $72.15 million. On average, research analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Hudson Technologies by 7.2% in the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after purchasing an additional 39,654 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Hudson Technologies in the 1st quarter valued at $97,000. Goldman Sachs Group Inc. lifted its stake in Hudson Technologies by 49.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after purchasing an additional 80,973 shares during the last quarter. Strs Ohio bought a new stake in shares of Hudson Technologies during the 1st quarter worth about $510,000. Finally, Voya Investment Management LLC lifted its holdings in Hudson Technologies by 32.3% during the 1st quarter. Voya Investment Management LLC now owns 49,545 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 12,110 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.