Hudson Technologies Inc. (HDSN) Shares Down 3.6%
Hudson Technologies Inc. (NASDAQ:HDSN)’s share price fell 3.6% during trading on Thursday . The stock traded as low as $6.10 and last traded at $6.12, with a volume of 335,913 shares trading hands. The stock had previously closed at $6.35.
Several research firms have recently issued reports on HDSN. B. Riley reaffirmed a “buy” rating and set a $7.00 price target on shares of Hudson Technologies in a research note on Monday, July 25th. Zacks Investment Research downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. TheStreet raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Finally, Roth Capital reaffirmed a “buy” rating and set a $7.50 price target on shares of Hudson Technologies in a research note on Thursday.
The stock’s 50-day moving average is $4.89 and its 200-day moving average is $3.76. The firm has a market capitalization of $210.08 million and a PE ratio of 27.17.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $34.60 million for the quarter, compared to analysts’ expectations of $34.24 million. On average, analysts forecast that Hudson Technologies Inc. will post $0.29 EPS for the current fiscal year.
In related news, Chairman Kevin J. Zugibe sold 600,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $4.85, for a total transaction of $2,910,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stephen P. Mandracchia sold 271,742 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $4.90, for a total transaction of $1,331,535.80. 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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