Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Update – MarketBeat
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Hudson Technologies, Inc. (NASDAQ:HDSN – Get Rating) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,300,000 shares, a drop of 15.6% from the August 31st total of 1,540,000 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 831,400 shares, the short-interest ratio is presently 1.6 days.
Hudson Technologies Stock Up 4.6 %
NASDAQ:HDSN traded up $0.32 during trading hours on Friday, hitting $7.35. The company’s stock had a trading volume of 1,824,546 shares, compared to its average volume of 706,145. The stock has a market capitalization of $330.90 million, a P/E ratio of 3.79, a price-to-earnings-growth ratio of 0.15 and a beta of 1.34. The company has a current ratio of 3.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $8.62 and a 200-day moving average of $8.14. Hudson Technologies has a 52-week low of $3.11 and a 52-week high of $11.16.
Hudson Technologies (NASDAQ:HDSN – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The industrial products company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.40 by $0.19. Hudson Technologies had a net margin of 31.89% and a return on equity of 84.09%. The company had revenue of $103.94 million for the quarter, compared to analyst estimates of $94.00 million. On average, equities analysts forecast that Hudson Technologies will post 1.54 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. StockNews.com cut Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. EF Hutton Acquisition Corp I increased their price target on Hudson Technologies from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, TheStreet raised Hudson Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, August 16th.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. 325 Capital LLC purchased a new position in shares of Hudson Technologies during the first quarter worth approximately $8,028,000. Millennium Management LLC grew its position in Hudson Technologies by 382.1% during the 2nd quarter. Millennium Management LLC now owns 1,397,116 shares of the industrial products company’s stock worth $10,492,000 after purchasing an additional 1,107,307 shares during the last quarter. Royce & Associates LP increased its stake in Hudson Technologies by 86.4% in the first quarter. Royce & Associates LP now owns 1,171,230 shares of the industrial products company’s stock valued at $7,273,000 after purchasing an additional 542,766 shares during the period. State Street Corp raised its holdings in shares of Hudson Technologies by 426.3% in the second quarter. State Street Corp now owns 635,457 shares of the industrial products company’s stock valued at $4,772,000 after buying an additional 514,719 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Hudson Technologies during the first quarter worth about $3,190,000. Institutional investors and hedge funds own 70.55% of the company’s stock.
Hudson Technologies Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Hudson Technologies (HDSN)
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