Hudson Technologies Inc. (HDSN) Trading Down 5.6%
Hudson Technologies Inc. (NASDAQ:HDSN) shares traded down 5.6% on Wednesday . The company traded as low as $4.92 and last traded at $4.93, with a volume of 1,216,640 shares changing hands. The stock had previously closed at $5.22.
A number of research analysts recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $7.00 price objective on shares of Hudson Technologies in a research note on Tuesday, July 19th. Roth Capital reissued a “buy” rating and issued a $6.50 price objective on shares of Hudson Technologies in a research note on Sunday, July 17th. Zacks Investment Research downgraded Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, TheStreet raised Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st.
The firm’s 50-day moving average price is $4.02 and its 200 day moving average price is $3.49. The company has a market cap of $162.68 million and a price-to-earnings ratio of 21.30.
Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts predict that Hudson Technologies Inc. will post $0.29 earnings per share for the current fiscal year.
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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