The stock of Hudson Technologies Inc. (NASDAQ:HDSN) last traded at $10.64, down -3.10% from the previous session.
HDSN stock price is now 0.40% away from the 50-day moving average and 20.18% away from the 200-day moving average. The market capitalization of the company currently stands at $469.12M.
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With the price target enhanced from $4 to $6.50, ROTH Capital Upgraded its rating from Neutral to Buy for Hudson Technologies Inc. (NASDAQ: HDSN). , while ‘B. Riley FBR Inc.’ rates the stock as ‘Neutral’.
In other news, Gaglione Kenneth, VP-Operations sold 19,000 shares of the company’s stock on Dec 12. The stock was sold for $219,070 at an average price of $11.53. Upon completion of the transaction, the VP-Operations now directly owns 3,207 shares in the company, valued at $34122.48. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, CFO Krishnamurti Nat sold 46,194 shares of the business’s stock. A total of $467,945 was realized by selling the stock at an average price of $10.13. This leaves the insider owning 25,207 shares of the company worth $0.27 million. Insiders disposed of 752,082 shares of company stock worth roughly $8.0 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HDSN stock. A new stake in Hudson Technologies Inc. shares was purchased by RK CAPITAL MANAGEMENT, LLC during the first quarter worth $5,249,000. MAVEN SECURITIES LTD invested $3,458,000 in shares of HDSN during the first quarter. In the first quarter, ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC acquired a new stake in Hudson Technologies Inc. valued at approximately $2,696,000. AQR CAPITAL MANAGEMENT LLC acquired a new stake in HDSN for approximately $1,564,000. SUMMERHAVEN INVESTMENT MANAGEMENT, LLC purchased a new stake in HDSN valued at around $1,123,000 in the second quarter. In total, there are 154 active investors with 71.60% ownership of the company’s stock.
With an opening price of $11.00 on Tuesday morning, Hudson Technologies Inc. (NASDAQ: HDSN) set off the trading day. During the past 12 months, Hudson Technologies Inc. has had a low of $3.11 and a high of $12.46. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 3.30, and a quick ratio of 1.20. The fifty day moving average price for HDSN is $10.63 and a two-hundred day moving average price translates $8.88 for the stock.
The latest earnings results from Hudson Technologies Inc. (NASDAQ: HDSN) was released for Jun, 2022. According to the Specialty Chemicals Company, earnings per share came in at $0.84, beating analysts’ expectations of $0.39 by 0.45. This compares to $0.34 EPS in the same period last year. The net profit margin was 33.20% and return on equity was 86.80% for HDSN. The company reported revenue of $89.5 million for the quarter, compared to $60.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.58 percent. For the current quarter, analysts expect HDSN to generate $79.69M in revenue.
Hudson Technologies Inc.(HDSN) Company Profile
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. It also offers SmartEnergy OPS service, a web-based real time continuous monitoring service for facility’s refrigeration systems and other energy systems applications; and Chiller Chemistry and Chill Smart services. In addition, the company participates in the generation of carbon offset projects. It serves commercial, industrial, and governmental customers, as well as refrigerant wholesalers, distributors, contractors, and refrigeration equipment manufacturers. Hudson Technologies, Inc. was incorporated in 1991 and is headquartered in Woodcliff Lake, New Jersey.
