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

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 6,179 call options on the company. This represents an increase of 5,517% compared to the average volume of 110 call options.

Hudson Technologies Trading Up 0.4 %

Shares of Hudson Technologies stock traded up $0.03 during mid-day trading on Wednesday, reaching $6.74. 211,574 shares of the stock were exchanged, compared to its average volume of 490,280. The firm has a 50-day simple moving average of $5.90 and a 200 day simple moving average of $5.99. Hudson Technologies has a fifty-two week low of $5.11 and a fifty-two week high of $10.04. The company has a market cap of $296.22 million, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on Hudson Technologies from $8.00 to $6.25 and set a "hold" rating for the company in a report on Monday, March 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.88.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HDSN. GAMMA Investing LLC raised its stake in shares of Hudson Technologies by 111.8% in the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 2,624 shares during the period. Quarry LP lifted its stake in Hudson Technologies by 89.1% in the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 4,165 shares in the last quarter. State of Wyoming acquired a new position in Hudson Technologies during the 4th quarter worth approximately $53,000. RPO LLC bought a new stake in shares of Hudson Technologies in the fourth quarter worth $62,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 71.34% of the company's stock.

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.

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