According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “
Other equities research analysts have also recently issued reports about the stock. B. Riley reaffirmed a buy rating and issued a $7.50 target price on shares of Hudson Technologies in a report on Saturday, August 6th. Roth Capital reaffirmed a buy rating and issued a $6.50 target price on shares of Hudson Technologies in a report on Sunday, July 17th.
Shares of Hudson Technologies (NASDAQ:HDSN) opened at 6.37 on Wednesday. Hudson Technologies has a 52-week low of $2.64 and a 52-week high of $6.79. The firm has a market capitalization of $214.11 million, a PE ratio of 27.70 and a beta of 1.19. The stock’s 50 day moving average price is $6.17 and its 200-day moving average price is $4.37.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Hudson Technologies had a net margin of 8.54% and a return on equity of 14.90%. The firm earned $34.60 million during the quarter, compared to analysts’ expectations of $34.24 million. Equities research analysts anticipate that Hudson Technologies will post $0.29 EPS for the current fiscal year.
In other news, VP Stephen P. Mandracchia sold 271,742 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $4.90, for a total transaction of $1,331,535.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard Parrillo sold 21,200 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $4.93, for a total transaction of $104,516.00. The disclosure for this sale can be found here. Insiders own 24.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. VNBTrust National Association raised its position in shares of Hudson Technologies by 40.6% in the third quarter. VNBTrust National Association now owns 555,885 shares of the company’s stock worth $3,697,000 after buying an additional 160,414 shares during the period. B. Riley Financial Inc. purchased a new position in shares of Hudson Technologies during the second quarter worth about $134,000. Coe Capital Management LLC purchased a new position in shares of Hudson Technologies during the second quarter worth about $194,000. United Services Automobile Association raised its position in shares of Hudson Technologies by 255.7% in the second quarter. United Services Automobile Association now owns 93,894 shares of the company’s stock worth $338,000 after buying an additional 67,500 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Hudson Technologies by 12.8% in the second quarter. BlackRock Fund Advisors now owns 72,995 shares of the company’s stock worth $263,000 after buying an additional 8,265 shares during the period. Institutional investors and hedge funds own 57.34% of the company’s stock.
Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. Its products and services include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination.
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