Key Points
- Hudson Technologies director Eric Prouty bought 5,000 shares on May 13 at an average price of $4.84, totaling $24,200. After the purchase, he owned 153,852 shares, a 3.36% increase in his position.
- The company recently reported mixed quarterly results: EPS of $0.01 missed analyst expectations of $0.05, but revenue of $60.15 million topped the $57.15 million estimate.
- Analyst sentiment remains cautious, with an average rating of “Hold” and an average target price of $8.88, while recent updates included multiple target price cuts and one downgrade to “sell.”
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) Director Eric Prouty purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $4.84 per share, for a total transaction of $24,200.00. Following the completion of the acquisition, the director owned 153,852 shares of the company's stock, valued at $744,643.68. The trade was a 3.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Hudson Technologies Price Performance
Shares of Hudson Technologies stock opened at $4.92 on Friday. Hudson Technologies, Inc. has a 1 year low of $4.70 and a 1 year high of $10.52. The firm has a market cap of $206.98 million, a PE ratio of 15.87 and a beta of 0.87. The stock has a fifty day moving average price of $5.93 and a 200-day moving average price of $6.83.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The business had revenue of $60.15 million for the quarter, compared to analysts' expectations of $57.15 million. As a group, equities analysts anticipate that Hudson Technologies, Inc. will post 0.37 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on HDSN. B. Riley Financial decreased their target price on Hudson Technologies from $10.50 to $9.50 and set a "buy" rating for the company in a research report on Thursday, March 5th. Weiss Ratings raised Hudson Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. Canaccord Genuity Group decreased their target price on Hudson Technologies from $9.50 to $9.00 and set a "buy" rating for the company in a research report on Thursday, May 7th. Roth Mkm dropped their price objective on Hudson Technologies from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, March 6th. Finally, Wall Street Zen downgraded Hudson Technologies from a "hold" rating to a "sell" rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Hudson Technologies presently has an average rating of "Hold" and an average target price of $8.88.
Check Out Our Latest Analysis on HDSN
Hedge Funds Weigh In On Hudson Technologies
Large investors 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 fourth quarter worth about $28,000. Nkcfo LLC purchased a new position in shares of Hudson Technologies in the third quarter worth about $47,000. Quarry LP increased its stake in shares of Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company's stock worth $52,000 after purchasing an additional 1,805 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Hudson Technologies by 88.3% in the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company's stock worth $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock worth $71,000 after purchasing an additional 5,576 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Hudson Technologies Company Profile
(
Get Free Report)
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.
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