Hudson Technologies Inc. (HDSN) Sees Unusually-High Trading Volume
Shares of Hudson Technologies Inc. (NASDAQ:HDSN) saw strong trading volume on Monday . 135,705 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 117,840 shares.The stock last traded at $3.80 and had previously closed at $3.51.
Several equities analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and set a $7.00 price objective on shares of Hudson Technologies in a report on Tuesday. Roth Capital restated a “buy” rating and set a $6.50 price objective on shares of Hudson Technologies in a report on Sunday. Zacks Investment Research downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, TheStreet upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st.
The stock’s 50-day moving average is $3.47 and its 200-day moving average is $3.32. The company has a market cap of $165.50 million and a PE ratio of 29.53.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company earned $28.20 million during the quarter, compared to analysts’ expectations of $24.59 million. Analysts forecast that Hudson Technologies Inc. will post $0.24 EPS for the current year.
Hudson Technologies, Inc is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. Its products and services include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination.
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