Hudson Technologies (NASDAQ:HDSN) Director Loan Nguyen Mansy Acquires 5,000 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Loan Nguyen Mansy purchased 5,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $4.96 per share, with a total value of $24,800.00. Following the acquisition, the director owned 25,595 shares in the company, valued at $126,951.20. This trade represents a 24.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hudson Technologies Stock Up 1.7%

NASDAQ HDSN opened at $4.92 on Friday. The stock has a market cap of $206.98 million, a PE ratio of 15.87 and a beta of 0.87. Hudson Technologies, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $10.52. The business has a 50 day moving average price of $5.93 and a two-hundred day moving average price of $6.83.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. Sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

HDSN has been the subject of a number of analyst reports. Roth Mkm decreased their price target on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. B. Riley Financial cut their price target on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Canaccord Genuity Group cut their price target on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.88.

Institutional Trading of Hudson Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Hudson Technologies in the fourth quarter valued at about $28,000. Nkcfo LLC bought a new stake in Hudson Technologies in the third quarter valued at about $47,000. Quarry LP increased its holdings in Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Hudson Technologies in the fourth quarter valued at about $62,000. Finally, Tower Research Capital LLC TRC increased its holdings in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after buying an additional 5,576 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.