Hudson Technologies Inc. (HDSN) Trading Down 2.8%
Hudson Technologies Inc. (NASDAQ:HDSN)’s share price was down 2.8% during mid-day trading on Thursday . The company traded as low as $6.28 and last traded at $6.29, with a volume of 250,822 shares traded. The stock had previously closed at $6.47.
A number of equities analysts recently issued reports on HDSN shares. Zacks Investment Research lowered Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Roth Capital reiterated a “buy” rating and set a $6.50 price objective on shares of Hudson Technologies in a research note on Sunday, July 17th. B. Riley reiterated a “buy” rating and set a $7.50 price objective on shares of Hudson Technologies in a research note on Saturday, August 6th. Finally, TheStreet upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st.
The company has a market capitalization of $212.09 million and a price-to-earnings ratio of 27.43. The firm’s 50-day moving average price is $5.22 and its 200-day moving average price is $3.86.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates 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. Equities research analysts expect that Hudson Technologies Inc. will post $0.29 earnings per share for the current fiscal year.
In related news, VP Stephen P. Mandracchia sold 271,742 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Kevin J. Zugibe sold 600,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was 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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