BidaskClub upgraded shares of Hudson Technologies (NASDAQ:HDSN) from a strong sell rating to a sell rating in a report published on Friday.

Several other research analysts have also recently weighed in on HDSN. ValuEngine cut shares of Hudson Technologies from a buy rating to a hold rating in a report on Monday, October 2nd. Roth Capital set a $11.00 target price on shares of Hudson Technologies and gave the company a buy rating in a research note on Thursday, October 5th. B. Riley set a $8.00 target price on shares of Hudson Technologies and gave the company a hold rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research cut shares of Hudson Technologies from a hold rating to a sell rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $9.25.

Hudson Technologies (NASDAQ:HDSN) opened at $6.62 on Friday. Hudson Technologies has a twelve month low of $5.40 and a twelve month high of $10.40. The firm has a market cap of $277.46, a PE ratio of 20.69, a P/E/G ratio of 0.64 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The business had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $25.00 million. During the same period in the previous year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. analysts forecast that Hudson Technologies will post 0.3 EPS for the current fiscal year.

In related news, Director Richard Parrillo bought 10,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of $5.80 per share, for a total transaction of $58,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. Optimum Investment Advisors lifted its stake in shares of Hudson Technologies by 14.8% during the 2nd quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock valued at $131,000 after buying an additional 2,000 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Hudson Technologies by 13.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock valued at $146,000 after buying an additional 2,025 shares in the last quarter. Gotham Asset Management LLC lifted its stake in shares of Hudson Technologies by 25.0% during the 2nd quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after buying an additional 2,994 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Hudson Technologies by 3.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 421,177 shares of the industrial products company’s stock valued at $3,289,000 after buying an additional 12,415 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of Hudson Technologies during the 2nd quarter valued at approximately $131,000. Hedge funds and other institutional investors own 80.32% of the company’s stock.

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About Hudson Technologies

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

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