Hudson Technologies Inc. (HDSN) Shares Down 2.8%
Shares of Hudson Technologies Inc. (NASDAQ:HDSN) fell 2.8% during mid-day trading on Thursday . The stock traded as low as $6.28 and last traded at $6.29, with a volume of 250,822 shares. The stock had previously closed at $6.47.
Several research firms recently issued reports on HDSN. B. Riley reiterated a “buy” rating and set a $7.00 target price on shares of Hudson Technologies in a research note on Monday, August 1st. Roth Capital reiterated a “buy” rating and set a $6.50 target price on shares of Hudson Technologies in a research note on Sunday, July 17th. Zacks Investment Research cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, TheStreet upgraded shares of 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 $208.06 million and a PE ratio of 26.91. The company’s 50-day moving average is $5.27 and its 200-day moving average 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. The business earned $34.60 million during the quarter, compared to analyst estimates of $34.24 million. On average, equities analysts predict that Hudson Technologies Inc. will post $0.29 earnings per share for the current year.
In other news, VP Stephen P. Mandracchia sold 271,742 shares of Hudson Technologies stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $4.90, for a total value of $1,331,535.80. 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 Hudson Technologies 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 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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