Hudson Technologies’ (HDSN) Outperform Rating Reaffirmed at William Blair
William Blair reissued their outperform rating on shares of Hudson Technologies (NASDAQ:HDSN) in a report published on Thursday. William Blair also issued estimates for Hudson Technologies’ Q2 2018 earnings at $0.28 EPS, FY2018 earnings at $0.40 EPS and FY2019 earnings at $0.52 EPS.
Several other analysts have also commented on HDSN. ValuEngine raised Hudson Technologies from a hold rating to a buy rating in a report on Wednesday, December 20th. Zacks Investment Research raised Hudson Technologies from a sell rating to a hold rating in a report on Wednesday, January 10th. BidaskClub raised Hudson Technologies from a strong sell rating to a sell rating in a report on Friday, January 26th. Finally, B. Riley dropped their price objective on Hudson Technologies from $7.50 to $6.50 and set a neutral rating on the stock in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $7.75.
Hudson Technologies (HDSN) opened at $5.44 on Thursday. The firm has a market capitalization of $230.43, a P/E ratio of 15.99, a P/E/G ratio of 0.54 and a beta of 1.04. Hudson Technologies has a 12-month low of $5.37 and a 12-month high of $10.40.
In other Hudson Technologies news, Director Richard Parrillo acquired 10,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were bought at an average cost of $5.80 per share, with a total value of $58,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 18.00% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of HDSN. Teachers Advisors LLC purchased a new stake in shares of Hudson Technologies in the 2nd quarter valued at $551,000. The Manufacturers Life Insurance Company grew its stake in Hudson Technologies by 1,360.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,069 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 29,873 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in Hudson Technologies during the 3rd quarter worth $3,866,000. Vanguard Group Inc. grew its stake in Hudson Technologies by 12.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,417,857 shares of the industrial products company’s stock worth $11,980,000 after purchasing an additional 160,663 shares in the last quarter. Finally, Cooper Creek Partners Management LLC grew its stake in Hudson Technologies by 92.4% during the 4th quarter. Cooper Creek Partners Management LLC now owns 2,429,182 shares of the industrial products company’s stock worth $14,745,000 after purchasing an additional 1,166,720 shares in the last quarter. 77.84% of the stock is currently owned by hedge funds and other institutional investors.
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Hudson Technologies Company Profile
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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