Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $5.63 and traded as low as $5.01. Hudson Technologies shares last traded at $5.14, with a volume of 293,833 shares.
Analyst Ratings Changes
HDSN has been the topic of several research reports. Canaccord Genuity Group decreased their target price on Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Weiss Ratings lowered Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hudson Technologies presently has a consensus rating of "Hold" and an average price target of $8.62.
Check Out Our Latest Research Report on Hudson Technologies
Hudson Technologies Stock Performance
The stock has a market capitalization of $216.34 million, a price-to-earnings ratio of 25.70 and a beta of 0.83. The company has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $5.63.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). The company had revenue of $78.35 million for the quarter, compared to the consensus estimate of $74.20 million. Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. As a group, equities analysts anticipate that Hudson Technologies, Inc. will post 0.17 earnings per share for the current year.
Insider Activity
In other news, major shareholder Hartree Partners, Lp acquired 118,549 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The shares were acquired at an average cost of $5.10 per share, with a total value of $604,599.90. Following the completion of the purchase, the insider directly owned 5,348,517 shares of the company's stock, valued at $27,277,436.70. The trade was a 2.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have purchased 306,431 shares of company stock worth $1,651,495. Company insiders own 1.90% of the company's stock.
Institutional Investors Weigh In On Hudson Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Hudson Technologies during the 2nd quarter worth $16,303,000. Dimensional Fund Advisors LP increased its holdings in Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company's stock worth $12,631,000 after purchasing an additional 105,160 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in Hudson Technologies by 248.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company's stock worth $3,695,000 after purchasing an additional 447,987 shares in the last quarter. JB Capital Partners LP acquired a new position in Hudson Technologies in the 2nd quarter worth about $1,757,588. Finally, Ancora Advisors LLC bought a new position in Hudson Technologies in the second quarter valued at about $1,741,000. 71.34% of the stock is currently owned by institutional investors.
About Hudson Technologies
(
Get Free Report)
Hudson Technologies, Inc is an environmental services company focused on refrigerant management and the development of solutions that support the transition away from ozone-depleting and high-global-warming-potential refrigerants. The company serves commercial, industrial, and refrigeration markets, helping customers manage refrigerants throughout their life cycle.
Its principal activities include the reclamation, recycling, and sale of used and recovered refrigerants; the distribution of virgin and reclaimed refrigerant products; and refrigerant management services.
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