Stock Traders Purchase High Volume of Hudson Technologies Call Options (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) saw some unusual options trading on Wednesday. Investors bought 6,179 call options on the company. This is an increase of 5,517% compared to the typical volume of 110 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HDSN shares. Canaccord Genuity Group lifted their target price on Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research report on Thursday. Craig Hallum raised Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Hudson Technologies currently has an average rating of "Hold" and an average price target of $7.25.

Institutional Trading of Hudson Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its stake in shares of Hudson Technologies by 282.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company's stock valued at $7,508,000 after acquiring an additional 993,833 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hudson Technologies by 152.0% in the fourth quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock valued at $4,761,000 after buying an additional 514,645 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Hudson Technologies during the 4th quarter worth approximately $1,733,000. 683 Capital Management LLC boosted its position in Hudson Technologies by 89.4% during the fourth quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company's stock valued at $3,548,000 after purchasing an additional 300,110 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Hudson Technologies in the fourth quarter valued at about $1,612,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

Shares of HDSN traded up $0.26 during midday trading on Monday, reaching $7.72. 693,444 shares of the stock were exchanged, compared to its average volume of 505,568. The business's 50-day moving average price is $6.01 and its 200 day moving average price is $5.96. Hudson Technologies has a twelve month low of $5.11 and a twelve month high of $10.04. The company has a market capitalization of $339.49 million, a price-to-earnings ratio of 11.88, a PEG ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. The company had revenue of $55.34 million for the quarter, compared to analyst estimates of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. As a group, equities research analysts expect that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.