Hudson Technologies (NASDAQ:HDSN) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Hudson Technologies, Inc. (NASDAQ:HDSN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.36 and traded as low as $5.41. Hudson Technologies shares last traded at $5.74, with a volume of 683,633 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. B. Riley Financial lowered 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 decreased their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Canaccord Genuity Group dropped their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hudson Technologies presently has an average rating of “Hold” and an average target price of $8.88.

Hudson Technologies Price Performance

The stock has a fifty day moving average price of $5.57 and a two-hundred day moving average price of $6.36. The company has a market cap of $241.48 million, a P/E ratio of 18.52 and a beta of 0.81.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results 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 company had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. Equities analysts predict that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey R. Feeler bought 5,100 shares of Hudson Technologies stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the purchase, the director directly owned 9,165 shares in the company, valued at $45,091.80. The trade was a 125.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Sheriff bought 5,200 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $4.88 per share, with a total value of $25,376.00. Following the acquisition, the director owned 9,265 shares of the company’s stock, valued at $45,213.20. The trade was a 127.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 32,850 shares of company stock worth $161,120 over the last ninety days. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Hudson Technologies

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Hudson Technologies by 53,751.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after purchasing an additional 268,756 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Hudson Technologies during the third quarter worth $2,058,000. KBC Group NV purchased a new position in Hudson Technologies during the fourth quarter valued at $843,000. Pacific Ridge Capital Partners LLC grew its stake in Hudson Technologies by 14.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 118,406 shares of the industrial products company’s stock valued at $811,000 after acquiring an additional 14,826 shares in the last quarter. Finally, Strs Ohio increased its holdings in Hudson Technologies by 29.4% in the 4th quarter. Strs Ohio now owns 77,100 shares of the industrial products company’s stock valued at $528,000 after acquiring an additional 17,500 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.