Hudson Technologies (NASDAQ:HDSN) PT Raised to $12.00 at EF Hutton Acquisition Corp I

Hudson Technologies (NASDAQ:HDSNGet Rating) had its price target hoisted by EF Hutton Acquisition Corp I from $11.00 to $12.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the industrial products company’s stock. EF Hutton Acquisition Corp I’s price objective would indicate a potential upside of 27.66% from the stock’s previous close.

Separately, StockNews.com cut Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $9.40 on Thursday. The stock’s 50-day moving average is $8.68 and its two-hundred day moving average is $6.87. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.25 and a quick ratio of 1.09. Hudson Technologies has a 1-year low of $2.70 and a 1-year high of $10.76. The company has a market cap of $422.15 million, a price-to-earnings ratio of 4.85, a price-to-earnings-growth ratio of 0.21 and a beta of 1.32.

Hudson Technologies (NASDAQ:HDSNGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.55. Hudson Technologies had a return on equity of 100.29% and a net margin of 31.89%. The company had revenue of $84.34 million for the quarter, compared to the consensus estimate of $52.00 million. During the same quarter in the prior year, the business earned ($0.02) EPS. Analysts forecast that Hudson Technologies will post 1.38 EPS for the current fiscal year.

Insider Transactions at Hudson Technologies

In related news, Director Stephen P. Mandracchia sold 22,108 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $9.73, for a total value of $215,110.84. Following the completion of the sale, the director now directly owns 120,892 shares of the company’s stock, valued at approximately $1,176,279.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Stephen P. Mandracchia sold 22,108 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $9.73, for a total value of $215,110.84. Following the completion of the sale, the director now directly owns 120,892 shares of the company’s stock, valued at approximately $1,176,279.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Eric A. Prouty sold 75,000 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $9.00, for a total value of $675,000.00. Following the completion of the sale, the director now directly owns 123,169 shares of the company’s stock, valued at $1,108,521. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,000 shares of company stock valued at $1,551,463. 14.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Hudson Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Grimes & Company Inc. raised its stake in Hudson Technologies by 23.2% during the 1st quarter. Grimes & Company Inc. now owns 41,163 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 7,741 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in Hudson Technologies by 25.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 218,616 shares of the industrial products company’s stock valued at $971,000 after acquiring an additional 44,128 shares during the last quarter. Investment Management of Virginia LLC raised its stake in Hudson Technologies by 7.1% during the 4th quarter. Investment Management of Virginia LLC now owns 75,000 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 5,000 shares during the last quarter. Verdad Advisers LP purchased a new stake in Hudson Technologies during the 4th quarter valued at approximately $1,621,000. Finally, Royce & Associates LP purchased a new position in shares of Hudson Technologies during the 4th quarter worth approximately $2,790,000. 61.97% of the stock is owned by hedge funds and other 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.

Further Reading

Receive News & Ratings for Hudson Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies and related companies with MarketBeat.com's FREE daily email newsletter.