Hudson Technologies (NASDAQ:HDSN) Shares Pass Below 200-Day Moving Average – What’s Next?

Hudson Technologies, Inc. (NASDAQ:HDSN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.53 and traded as low as $5.33. Hudson Technologies shares last traded at $5.36, with a volume of 454,172 shares traded.

Analysts Set New Price Targets

HDSN has been the topic of a number of analyst reports. B. Riley Financial dropped their target price on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Roth Mkm dropped their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Canaccord Genuity Group decreased their price target on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.88.

Hudson Technologies Stock Down 2.5%

The company has a 50-day moving average price of $5.69 and a 200-day moving average price of $6.53. The firm has a market capitalization of $225.50 million, a price-to-earnings ratio of 17.29 and a beta of 0.81.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. As a group, analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Alan Sheriff purchased 5,200 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $4.88 per share, with a total value of $25,376.00. Following the completion of the acquisition, the director owned 9,265 shares of the company’s stock, valued at approximately $45,213.20. This represents a 127.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey R. Feeler purchased 5,100 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $4.92 per share, for a total transaction of $25,092.00. Following the acquisition, the director directly owned 9,165 shares of the company’s stock, valued at $45,091.80. This represents a 125.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 32,850 shares of company stock valued at $161,120 over the last 90 days. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Hudson Technologies by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 1,247 shares during the period. Quarry LP raised its stake in Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,805 shares during the period. First Trust Advisors LP raised its stake in Hudson Technologies by 2.2% during the 1st quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock valued at $853,000 after purchasing an additional 3,105 shares during the period. Graham Capital Management L.P. raised its stake in Hudson Technologies by 9.7% during the 4th quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 3,256 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,532 shares during the period. Institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

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.