Hudson Technologies (NASDAQ:HDSN) Stock Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical breach: Hudson Technologies' share price fell below its 200‑day moving average of $7.09, trading as low as $6.24 and last at $6.34 on volume of 145,581 shares.
• Analyst sentiment weakened: Several firms cut targets and downgraded the stock (e.g., Canaccord to $9.50, Roth MKM to $8, Weiss to sell), leaving a consensus rating of Hold with a $9.00 target.
• Mixed quarterly results: The company reported EPS of ($0.13) vs. ($0.09) expected (a miss) but revenue of $44.41M beat estimates; market cap is about $266.7M and institutional ownership is ~71%.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.09 and traded as low as $6.24. Hudson Technologies shares last traded at $6.34, with a volume of 145,581 shares changing hands.

Analyst Upgrades and Downgrades

HDSN has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $10.00 to $9.50 and set a "buy" rating on the stock in a research note on Friday, March 6th. Roth Mkm reduced their price target on shares of 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 downgraded shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Hudson Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, B. Riley Financial reduced their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Two 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $9.00.

Hudson Technologies Stock Performance

The company has a market capitalization of $266.72 million, a price-to-earnings ratio of 17.61 and a beta of 0.99. The business's 50-day simple moving average is $6.31 and its 200-day simple moving average is $7.09.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.04). Hudson Technologies had a net margin of 6.76% and a return on equity of 7.88%. The business had revenue of $44.41 million for the quarter, compared to analyst estimates of $38.12 million. On average, analysts forecast that Hudson Technologies, Inc. will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in Hudson Technologies during the 4th quarter valued at about $28,000. Nkcfo LLC acquired a new position in Hudson Technologies during the 3rd quarter valued at about $47,000. Quarry LP lifted its position 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. BNP Paribas Financial Markets lifted its position 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. Finally, Tower Research Capital LLC TRC lifted its position in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 5,576 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.