Key Points
- Director Vincent Abbatecola purchased 3,500 shares on November 17 at an average price of $6.79, boosting his stake to 169,748 shares (a 2.11% increase) valued at about $1.15M; the trade was disclosed in an SEC filing.
- Hudson beat quarterly expectations on November 5 with EPS $0.27 versus $0.21 and revenue of $74.01M, while the stock trades near $6.75 with a market cap of ~$294M and a consensus analyst rating of "Hold" (price target $9.33).
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) Director Vincent Abbatecola purchased 3,500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of $6.79 per share, with a total value of $23,765.00. Following the completion of the acquisition, the director directly owned 169,748 shares of the company's stock, valued at $1,152,588.92. This represents a 2.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Hudson Technologies Trading Up 1.7%
HDSN stock opened at $6.75 on Wednesday. The stock has a market cap of $294.29 million, a P/E ratio of 16.88 and a beta of 0.91. Hudson Technologies, Inc. has a twelve month low of $5.11 and a twelve month high of $10.52. The company's 50 day moving average is $8.99 and its two-hundred day moving average is $8.62.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $74.01 million during the quarter, compared to analysts' expectations of $72.15 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. On average, equities research analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Canaccord Genuity Group dropped their price objective on Hudson Technologies from $10.50 to $10.00 and set a "buy" rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised Hudson Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. 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. Finally, Zacks Research lowered shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.33.
Read Our Latest Stock Analysis on Hudson Technologies
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its holdings in shares of Hudson Technologies by 186.9% in the first quarter. CWM LLC now owns 14,102 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 9,187 shares during the period. Victory Capital Management Inc. increased its stake in Hudson Technologies by 41.0% in the 1st quarter. Victory Capital Management Inc. now owns 102,308 shares of the industrial products company's stock valued at $631,000 after buying an additional 29,756 shares during the period. Charles Schwab Investment Management Inc. raised 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 buying an additional 5,669 shares during the last quarter. Invesco Ltd. raised its position in 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 buying an additional 11,966 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Hudson Technologies in the 1st quarter worth $713,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
About Hudson Technologies
(
Get Free Report)
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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