Hudson Technologies Inc. (HDSN) Shares Up 3.5%
Shares of Hudson Technologies Inc. (NASDAQ:HDSN) shot up 3.5% during trading on Wednesday . The company traded as high as $6.52 and last traded at $6.47, with a volume of 526,911 shares. The stock had previously closed at $6.25.
A number of brokerages have commented on HDSN. Roth Capital reissued a “buy” rating and set a $7.50 price objective on shares of Hudson Technologies in a report on Thursday, August 25th. B. Riley reissued a “buy” rating and set a $7.00 price objective on shares of Hudson Technologies in a report on Monday, July 25th. Finally, Zacks Investment Research raised Hudson Technologies from a “hold” rating to a “strong-buy” rating and set a $5.75 price objective for the company in a report on Wednesday, July 20th.
The firm has a market capitalization of $217.47 million and a P/E ratio of 28.13. The stock’s 50-day moving average is $5.09 and its 200-day moving average is $3.84.
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, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business earned $34.60 million during the quarter, compared to the consensus estimate of $34.24 million. On average, equities research analysts anticipate that Hudson Technologies Inc. will post $0.29 EPS for the current year.
In related news, Director Otto C. Morch sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $4.96, for a total value of $34,720.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian F. Coleman sold 178,514 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $4.94, for a total value of $881,859.16. 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.