Hudson Technologies (NASDAQ:HDSN) Stock Gets Downgrade from Zacks Research

Hudson Technologies (NASDAQ:HDSN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

HDSN has been the subject of several other research reports. Canaccord Genuity Group cut their price target on Hudson Technologies from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial lowered their price objective on Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hudson Technologies has an average rating of “Hold” and a consensus target price of $7.50.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $4.31 on Thursday. Hudson Technologies has a 1-year low of $4.10 and a 1-year high of $9.18. The company’s fifty day simple moving average is $5.22 and its 200-day simple moving average is $5.93. The stock has a market capitalization of $181.41 million, a PE ratio of -215.50 and a beta of 0.83.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). Hudson Technologies had a positive return on equity of 0.80% and a negative net margin of 0.54%. The company had revenue of $59.42 million during the quarter, compared to analysts’ expectations of $77.96 million. As a group, research analysts anticipate that Hudson Technologies will post 0.14 EPS for the current year.

Insider Activity at Hudson Technologies

In other news, major shareholder Hartree Partners, Lp bought 118,549 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average price of $5.10 per share, for a total transaction of $604,599.90. Following the purchase, the insider owned 5,348,517 shares in the company, valued at $27,277,436.70. This represents a 2.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have acquired 254,327 shares of company stock worth $1,339,392. 1.90% of the stock is owned by company insiders.

Institutional Trading of Hudson Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. BlackRock Inc. purchased a new position in Hudson Technologies during the 2nd quarter valued at approximately $16,303,000. Dimensional Fund Advisors LP increased its stake in Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after acquiring an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in Hudson Technologies by 248.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock worth $3,695,000 after acquiring an additional 447,987 shares during the last quarter. JB Capital Partners LP bought a new stake in Hudson Technologies in the 2nd quarter worth approximately $1,757,588. Finally, Ancora Advisors LLC purchased a new stake in shares of Hudson Technologies during the 2nd quarter worth approximately $1,741,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc (NASDAQ:HDSN) provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.