Hudson Technologies Inc. (HDSN) Trading 1.8% Higher
Hudson Technologies Inc. (NASDAQ:HDSN)’s share price traded up 1.8% during mid-day trading on Wednesday . The company traded as high as $6.48 and last traded at $6.28, with a volume of 1,089,052 shares. The stock had previously closed at $6.17.
A number of equities analysts recently issued reports on the stock. Roth Capital reissued a “buy” rating and issued a $7.50 price target on shares of Hudson Technologies in a research note on Thursday. B. Riley reissued a “buy” rating and issued a $7.00 price target on shares of Hudson Technologies in a research note on Monday, July 25th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “hold” rating to a “strong-buy” rating and set a $5.75 price target for the company in a research note on Wednesday, July 20th.
The firm has a market capitalization of $206.71 million and a price-to-earnings ratio of 26.74. The firm’s 50-day moving average price is $4.81 and its 200 day moving average price is $3.74.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. The company had revenue of $34.60 million for the quarter, compared to analyst estimates of $34.24 million. On average, analysts expect that Hudson Technologies Inc. will post $0.29 EPS for the current fiscal year.
In other news, Director Otto C. Morch sold 7,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $4.96, for a total value of $34,720.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Parrillo sold 21,200 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $4.93, for a total transaction of $104,516.00. The disclosure for this sale can be found here.
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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