Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) Director Vincent P. Abbatecola bought 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of $5.98 per share, for a total transaction of $14,950.00. Following the purchase, the director now owns 161,841 shares of the company's stock, valued at $967,809.18. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of HDSN traded up $0.06 during mid-day trading on Tuesday, hitting $5.79. 103,316 shares of the company traded hands, compared to its average volume of 490,733. The stock has a market capitalization of $263.57 million, a price-to-earnings ratio of 8.95, a PEG ratio of 0.34 and a beta of 1.22. The business has a 50-day moving average of $7.75 and a 200 day moving average of $8.44. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $61.94 million during the quarter, compared to analysts' expectations of $64.92 million. Hudson Technologies had a return on equity of 12.94% and a net margin of 12.49%. During the same period last year, the firm earned $0.34 EPS. As a group, analysts anticipate that Hudson Technologies, Inc. will post 0.57 earnings per share for the current year.
Several analysts recently commented on the company. Canaccord Genuity Group decreased their price target on Hudson Technologies from $8.75 to $8.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $12.00 to $7.00 in a research report on Tuesday, November 5th. Craig Hallum lowered shares of Hudson Technologies from a "buy" rating to a "hold" rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Capital lowered Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, B. Riley reiterated a "neutral" rating and issued a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, Hudson Technologies presently has a consensus rating of "Hold" and a consensus target price of $7.85.
Read Our Latest Stock Analysis on HDSN
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Hudson Technologies by 37.3% during the 1st quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company's stock worth $239,000 after buying an additional 5,894 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Hudson Technologies by 22.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company's stock valued at $824,000 after purchasing an additional 13,732 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Hudson Technologies by 240,800.0% in the 1st quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company's stock worth $637,000 after purchasing an additional 57,792 shares during the last quarter. Foundry Partners LLC boosted its holdings in Hudson Technologies by 81.0% during the first quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company's stock worth $7,444,000 after buying an additional 302,529 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of Hudson Technologies by 26.4% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 79,790 shares of the industrial products company's stock worth $878,000 after buying an additional 16,660 shares during the period. 71.34% of the stock is owned by institutional investors.
Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.
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