In yesterday’s Wall Street session, Hudson Technologies Inc. (NASDAQ:HDSN) shares traded at $10.92, up 26.54% from the previous session.
As of this writing, 2 analysts cover Hudson Technologies Inc. (NASDAQ:HDSN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $12.00, we find $13.00. Given the previous closing price of $8.63, this indicates a potential upside of 50.64 percent. HDSN stock price is now 17.52% away from the 50-day moving average and 15.67% away from the 200-day moving average. The market capitalization of the company currently stands at $481.68M.
There are 0 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $13.00 as their price target over the next twelve months.
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).
In other news, Prouty Eric A, Director sold 20,000 shares of the company’s stock on Jun 14. The stock was sold for $191,200 at an average price of $9.56. Upon completion of the transaction, the Director now directly owns 142,021 shares in the company, valued at $1.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14, Director ABBATECOLA VINCENT P bought 1,000 shares of the business’s stock. A total of $8,270 was incurred on buying the stock at an average price of $8.27. This leaves the insider owning 126,578 shares of the company worth $1.38 million. Insiders disposed of 244,134 shares of company stock worth roughly $2.67 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 MONARCH PARTNERS ASSET MANAGEMENT LLC during the first quarter worth $4,716,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $1,623,000 in shares of HDSN during the first quarter. In the first quarter, MML INVESTORS SERVICES, LLC acquired a new stake in Hudson Technologies Inc. valued at approximately $906,000. PINNACLE ASSOCIATES LTD acquired a new stake in HDSN for approximately $819,000. ROBERTSON STEPHENS WEALTH MANAGEMENT, LLC purchased a new stake in HDSN valued at around $810,000 in the second quarter. In total, there are 188 active investors with 71.60% ownership of the company’s stock.
Thursday morning saw Hudson Technologies Inc. (NASDAQ: HDSN) opened at $9.70. During the past 12 months, Hudson Technologies Inc. has had a low of $6.62 and a high of $12.46. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 3.60, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $453.22M, which is based on a 5.74 price-to-earnings ratio, a 0.19 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for HDSN is $9.33 and a two-hundred day moving average price translates $9.46 for the stock.
The latest earnings results from Hudson Technologies Inc. (NASDAQ: HDSN) was released for Jun, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.36 by 0.05. This compares to $0.63 EPS in the same period last year. The net profit margin was 28.20% and return on equity was 53.00% for HDSN. The company reported revenue of $77.2 million for the quarter, compared to $84.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.46 percent. For the current quarter, analysts expect HDSN to generate $95.25M in revenue.
Hudson Technologies Inc.(HDSN) Company Profile
Hudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigeration industry 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; 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. The company was incorporated in 1991 and is headquartered in Woodcliff Lake, New Jersey.
