Hudson Technologies, Inc. (HDSN) Cut to “Sell” at Zacks Investment Research
According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “
Separately, B. Riley reissued a buy rating and issued a $9.50 target price on shares of Hudson Technologies in a report on Saturday, December 24th.
Shares of Hudson Technologies (NASDAQ:HDSN) traded up 0.13% on Tuesday, reaching $7.83. 244,927 shares of the company were exchanged. The company has a market cap of $266.55 million, a price-to-earnings ratio of 22.89 and a beta of 1.39. Hudson Technologies has a 12 month low of $2.64 and a 12 month high of $8.50. The company’s 50-day moving average price is $7.67 and its 200 day moving average price is $6.06.
Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, November 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm earned $34.90 million during the quarter, compared to analysts’ expectations of $28.22 million. Hudson Technologies had a net margin of 10.99% and a return on equity of 20.51%. On average, equities research analysts expect that Hudson Technologies will post $0.32 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Westwood Management Corp IL bought a new position in Hudson Technologies during the third quarter worth approximately $133,000. Engineers Gate Manager LP bought a new position in Hudson Technologies during the third quarter worth approximately $243,000. B. Riley Financial Inc. bought a new position in Hudson Technologies during the second quarter worth approximately $134,000. Northern Trust Corp boosted its position in Hudson Technologies by 23.7% in the third quarter. Northern Trust Corp now owns 41,846 shares of the company’s stock worth $279,000 after buying an additional 8,029 shares during the period. Finally, Coe Capital Management LLC bought a new position in Hudson Technologies during the second quarter worth approximately $194,000. 54.16% of the stock is owned by hedge funds and other institutional investors.
Hudson Technologies Company Profile
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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