Hudson Technologies (NASDAQ:HDSN) Stock Rating Upgraded by StockNews.com – MarketBeat

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Hudson Technologies (NASDAQ:HDSN – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Separately, Roth Capital upgraded shares of Hudson Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $4.00 to $6.50 in a research note on Wednesday, March 9th.
Shares of HDSN traded down $0.10 during mid-day trading on Friday, reaching $7.41. 637,653 shares of the stock traded hands, compared to its average volume of 923,599. The firm has a market cap of $332.78 million, a price-to-earnings ratio of 5.53, a P/E/G ratio of 0.20 and a beta of 1.18. The stock has a fifty day simple moving average of $8.81 and a 200 day simple moving average of $6.16. Hudson Technologies has a 12-month low of $2.70 and a 12-month high of $10.76. The company has a quick ratio of 1.09, a current ratio of 3.25 and a debt-to-equity ratio of 0.91.
Hudson Technologies (NASDAQ:HDSN – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.55. The company had revenue of $84.34 million for the quarter, compared to analyst estimates of $52.00 million. Hudson Technologies had a net margin of 25.85% and a return on equity of 86.75%. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, equities research analysts expect that Hudson Technologies will post 1.38 earnings per share for the current fiscal year.
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In other Hudson Technologies news, Director Vincent P. Abbatecola sold 20,000 shares of Hudson Technologies stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $9.79, for a total value of $195,800.00. Following the completion of the transaction, the director now owns 145,578 shares of the company’s stock, valued at $1,425,208.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eric A. Prouty sold 75,000 shares of Hudson Technologies stock in a transaction on Monday, May 9th. The stock was sold at an average price of $9.00, for a total transaction of $675,000.00. Following the completion of the transaction, the director now directly owns 123,169 shares of the company’s stock, valued at approximately $1,108,521. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,000 shares of company stock valued at $1,551,463. Insiders own 14.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in shares of Hudson Technologies during the first quarter valued at $25,000. Investment Management of Virginia LLC lifted its holdings in Hudson Technologies by 7.1% in the fourth quarter. Investment Management of Virginia LLC now owns 75,000 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 5,000 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Hudson Technologies by 6.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 84,083 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 5,236 shares during the period. Essex Investment Management Co. LLC lifted its holdings in Hudson Technologies by 2.5% in the first quarter. Essex Investment Management Co. LLC now owns 224,088 shares of the industrial products company’s stock worth $1,392,000 after purchasing an additional 5,472 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in Hudson Technologies in the first quarter worth about $46,000. 61.97% of the stock is owned by institutional investors.
About Hudson Technologies (Get Rating)
Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.
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