ValuEngine cut shares of Hudson Technologies (NASDAQ:HDSN) from a hold rating to a sell rating in a research note published on Thursday.

Several other research firms have also recently issued reports on HDSN. BidaskClub raised shares of Hudson Technologies from a strong sell rating to a sell rating in a research report on Friday, January 26th. B. Riley lowered their price objective on shares of Hudson Technologies from $7.50 to $6.50 and set a neutral rating for the company in a research report on Tuesday, March 6th. Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a report on Wednesday, January 10th. William Blair restated an outperform rating on shares of Hudson Technologies in a report on Thursday, March 8th. Finally, Roth Capital set a $9.00 price target on shares of Hudson Technologies and gave the company a buy rating in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Hudson Technologies currently has an average rating of Hold and a consensus price target of $7.75.

Hudson Technologies stock opened at $4.38 on Thursday. The stock has a market capitalization of $185.73, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 0.38. Hudson Technologies has a 1 year low of $4.28 and a 1 year high of $10.40.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, March 7th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. The company had revenue of $24.60 million during the quarter, compared to analysts’ expectations of $17.02 million. Hudson Technologies had a net margin of 7.95% and a return on equity of 11.97%. The firm’s quarterly revenue was up 215.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. research analysts expect that Hudson Technologies will post 0.4 earnings per share for the current fiscal year.

In other Hudson Technologies news, CEO Kevin J. Zugibe purchased 5,000 shares of Hudson Technologies stock in a transaction dated Thursday, March 15th. The stock was acquired at an average price of $5.51 per share, for a total transaction of $27,550.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 8,000 shares of company stock valued at $44,070. Company insiders own 18.00% of the company’s stock.

Several large investors have recently bought and sold shares of HDSN. Dimensional Fund Advisors LP raised its holdings in shares of Hudson Technologies by 19.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,051,235 shares of the industrial products company’s stock valued at $16,020,000 after purchasing an additional 340,455 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Hudson Technologies by 3.0% in 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 purchasing an additional 12,415 shares in the last quarter. DnB Asset Management AS raised its holdings in shares of Hudson Technologies by 193.9% in the 4th quarter. DnB Asset Management AS now owns 2,735,040 shares of the industrial products company’s stock valued at $16,602,000 after purchasing an additional 1,804,316 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Hudson Technologies by 48.2% in the 4th quarter. Thompson Davis & CO. Inc. now owns 48,391 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 15,730 shares in the last quarter. Finally, Investment Management of Virginia LLC raised its holdings in shares of Hudson Technologies by 68.4% in the 4th quarter. Investment Management of Virginia LLC now owns 222,664 shares of the industrial products company’s stock valued at $1,352,000 after purchasing an additional 90,421 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

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Hudson Technologies Company Profile

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.

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