Hudson Technologies (NASDAQ:HDSN) Stock Price Down 5.4%

Hudson Technologies, Inc. (NASDAQ:HDSN)’s stock price traded down 5.4% during trading on Friday . The company traded as low as $0.61 and last traded at $0.70, 1,187,900 shares changed hands during trading. An increase of 102% from the average session volume of 588,681 shares. The stock had previously closed at $0.74.

A number of equities analysts recently commented on the stock. ValuEngine lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 15th. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $2.00 price target on the stock. in a research report on Wednesday, June 19th. Finally, Roth Capital lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $4.00 to $0.60 in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Hudson Technologies presently has an average rating of “Hold” and an average price target of $1.30.

The firm’s 50-day moving average price is $0.52 and its 200 day moving average price is $1.25. The company has a market capitalization of $26.35 million, a price-to-earnings ratio of -3.04 and a beta of 1.04. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.10.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, August 14th. The industrial products company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.09). The firm had revenue of $56.01 million during the quarter, compared to analyst estimates of $51.00 million. Hudson Technologies had a negative net margin of 25.38% and a negative return on equity of 26.30%. As a group, equities research analysts anticipate that Hudson Technologies, Inc. will post -0.37 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Cooper Creek Partners Management LLC raised its position in shares of Hudson Technologies by 0.3% in the 1st quarter. Cooper Creek Partners Management LLC now owns 3,828,773 shares of the industrial products company’s stock valued at $7,390,000 after buying an additional 10,115 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hudson Technologies by 62.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,701,343 shares of the industrial products company’s stock valued at $1,463,000 after buying an additional 651,755 shares in the last quarter. BlackRock Inc. raised its position in shares of Hudson Technologies by 19.2% in the 2nd quarter. BlackRock Inc. now owns 961,981 shares of the industrial products company’s stock valued at $827,000 after buying an additional 154,798 shares in the last quarter. Bard Associates Inc. raised its position in shares of Hudson Technologies by 3.4% in the 2nd quarter. Bard Associates Inc. now owns 840,025 shares of the industrial products company’s stock valued at $722,000 after buying an additional 27,425 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Hudson Technologies by 16.5% in the 2nd quarter. Wells Fargo & Company MN now owns 744,069 shares of the industrial products company’s stock valued at $640,000 after buying an additional 105,467 shares in the last quarter. Institutional investors own 59.66% of the company’s stock.

Hudson Technologies Company Profile (NASDAQ:HDSN)

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing services.

Featured Article: Forex

Receive News & Ratings for Hudson Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies and related companies with MarketBeat.com's FREE daily email newsletter.