Hudson Technologies (NASDAQ:HDSN) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.60 and traded as low as $6.69. Hudson Technologies shares last traded at $6.81, with a volume of 213,124 shares.

Analyst Upgrades and Downgrades

HDSN has been the topic of several analyst reports. Wall Street Zen upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Canaccord Genuity Group reduced their price target on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Zacks Research cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.33.

Hudson Technologies Trading Up 0.6%

The firm’s fifty day moving average price is $8.50 and its 200-day moving average price is $8.58. The company has a market cap of $298.65 million, a price-to-earnings ratio of 17.13 and a beta of 0.91.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The company had revenue of $74.01 million during the quarter, compared to the consensus estimate of $72.15 million. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Institutional Trading of Hudson Technologies

Several hedge funds and other institutional investors have recently modified their holdings of HDSN. CWM LLC boosted its position in shares of Hudson Technologies by 186.9% during the first quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $87,000 after buying an additional 9,187 shares during the period. Victory Capital Management Inc. boosted its position in Hudson Technologies by 41.0% during the 1st quarter. Victory Capital Management Inc. now owns 102,308 shares of the industrial products company’s stock worth $631,000 after acquiring an additional 29,756 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Hudson Technologies by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 127,725 shares of the industrial products company’s stock worth $788,000 after acquiring an additional 5,669 shares during the last quarter. Invesco Ltd. grew its stake in shares of Hudson Technologies by 25.4% during the 1st quarter. Invesco Ltd. now owns 59,065 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 11,966 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Hudson Technologies during the 1st quarter worth approximately $713,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Company Profile

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.