Hudson Technologies Inc. (HDSN) Hits New 52-Week High at $6.59
Hudson Technologies Inc. (NASDAQ:HDSN)’s share price hit a new 52-week high on Monday . The company traded as high as $6.59 and last traded at $6.53, with a volume of 396,558 shares changing hands. The stock had previously closed at $6.25.
A number of equities analysts have weighed in on HDSN shares. Zacks Investment Research downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Roth Capital reaffirmed a “buy” rating and set a $6.50 target price on shares of Hudson Technologies in a research note on Sunday, July 17th. Finally, B. Riley reaffirmed a “buy” rating and set a $7.50 target price on shares of Hudson Technologies in a research note on Saturday, August 6th.
The company’s 50 day moving average price is $4.98 and its 200-day moving average price is $3.80. The stock has a market cap of $218.81 million and a PE ratio of 28.30.
Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $34.60 million for the quarter, compared to analysts’ expectations of $34.24 million. On average, equities analysts forecast that Hudson Technologies Inc. will post $0.29 EPS for the current 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, Chairman Kevin J. Zugibe sold 600,000 shares of the company’s stock in a transaction 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 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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