Hudson Technologies Inc. (HDSN) Trading Down 5.6%
Hudson Technologies Inc. (NASDAQ:HDSN)’s share price dropped 5.6% during mid-day trading on Wednesday . The stock traded as low as $4.92 and last traded at $4.93, with a volume of 1,216,640 shares trading hands. The stock had previously closed at $5.22.
HDSN has been the subject of several research analyst reports. Zacks Investment Research raised shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, May 10th. TheStreet raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. B. Riley reaffirmed a “buy” rating and issued a $7.00 target price on shares of Hudson Technologies in a research note on Tuesday, July 19th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $6.50 target price on shares of Hudson Technologies in a research note on Sunday, July 17th.
The company has a market capitalization of $164.18 million and a PE ratio of 29.29. The firm has a 50-day moving average price of $3.92 and a 200 day moving average price of $3.47.
Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company earned $34.60 million during the quarter, compared to analyst estimates of $34.24 million. On average, equities research analysts predict that Hudson Technologies Inc. will post $0.24 earnings per share 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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