Hudson Technologies, Inc. (NASDAQ:HDSN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, July 24th.
According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “
HDSN has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and set a $8.50 price objective on shares of Hudson Technologies in a research report on Tuesday, May 9th. BidaskClub raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Roth Capital set a $10.00 price objective on shares of Hudson Technologies and gave the stock a “buy” rating in a research report on Saturday, June 17th. TheStreet raised shares of Hudson Technologies from a “c+” rating to a “b” rating in a research report on Wednesday, May 31st. Finally, ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.50.
Hudson Technologies (HDSN) traded up 1.18% during mid-day trading on Monday, hitting $8.56. 388,062 shares of the company traded hands. The company’s 50-day moving average is $8.60 and its 200-day moving average is $7.71. The stock has a market capitalization of $356.41 million, a price-to-earnings ratio of 20.05 and a beta of 1.12. Hudson Technologies has a one year low of $5.42 and a one year high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. The firm had revenue of $52.23 million during the quarter, compared to analysts’ expectations of $46.34 million. Analysts predict that Hudson Technologies will post $0.40 EPS for the current year.
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Several large investors have recently bought and sold shares of the company. Airain ltd increased its stake in Hudson Technologies by 7.6% in the second quarter. Airain ltd now owns 19,167 shares of the industrial products company’s stock worth $162,000 after buying an additional 1,347 shares in the last quarter. Optimum Investment Advisors increased its stake in Hudson Technologies by 14.8% in the second quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock worth $131,000 after buying an additional 2,000 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Hudson Technologies by 13.2% in the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock worth $146,000 after buying an additional 2,025 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Hudson Technologies by 20.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock worth $123,000 after buying an additional 2,500 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Hudson Technologies by 25.0% in the second quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock worth $126,000 after buying an additional 2,994 shares in the last quarter. 74.39% of the stock is owned by institutional investors.
Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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