Hudson Technologies (NASDAQ:HDSN) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Hudson Technologies (NASDAQ:HDSN) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07), FiscalAI reports. Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%. The company had revenue of $59.42 million for the quarter, compared to analysts’ expectations of $77.96 million.

Hudson Technologies Price Performance

NASDAQ:HDSN traded down $0.03 during trading hours on Wednesday, hitting $5.23. 467,243 shares of the company were exchanged, compared to its average volume of 433,097. The stock has a market capitalization of $220.13 million, a price-to-earnings ratio of 26.15 and a beta of 0.83. Hudson Technologies has a 52-week low of $4.64 and a 52-week high of $9.52. The company’s 50 day moving average price is $5.28 and its 200-day moving average price is $5.97.

Analysts Set New Price Targets

HDSN has been the subject of several recent analyst reports. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.62.

Insider Transactions at Hudson Technologies

In related news, major shareholder Hartree Partners, Lp acquired 118,549 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were purchased at an average cost of $5.10 per share, with a total value of $604,599.90. Following the completion of the acquisition, the insider directly owned 5,348,517 shares of the company’s stock, valued at $27,277,436.70. This represents a 2.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have purchased 254,327 shares of company stock worth $1,339,392. Corporate insiders own 1.90% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc (NASDAQ:HDSN) provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.