Hudson Technologies (NASDAQ:HDSN) Director Buys $24,800.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Loan Nguyen Mansy acquired 5,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $4.96 per share, for a total transaction of $24,800.00. Following the completion of the acquisition, the director directly owned 25,595 shares in the company, valued at approximately $126,951.20. The trade was a 24.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock traded up $0.10 during trading on Friday, hitting $4.94. 493,459 shares of the company’s stock were exchanged, compared to its average volume of 323,793. The business has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $6.84. Hudson Technologies, Inc. has a 52-week low of $4.70 and a 52-week high of $10.52. The stock has a market capitalization of $207.62 million, a price-to-earnings ratio of 15.92 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. On average, equities analysts anticipate that Hudson Technologies, Inc. will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in shares of Hudson Technologies in the 4th quarter valued at about $28,000. Nkcfo LLC purchased a new position in shares of Hudson Technologies in the 3rd quarter valued at about $47,000. Quarry LP increased its stake in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,805 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Hudson Technologies in the 4th quarter valued at about $62,000. Finally, Tower Research Capital LLC TRC increased its stake in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after buying an additional 5,576 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HDSN. Canaccord Genuity Group decreased their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. B. Riley Financial decreased their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Wall Street Zen cut Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Roth Mkm decreased their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.88.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.