Hudson Technologies, Inc. (NASDAQ:HDSN) Director Buys $14,950.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent P. Abbatecola acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was bought at an average price of $5.98 per share, with a total value of $14,950.00. Following the completion of the acquisition, the director now directly owns 161,841 shares of the company’s stock, valued at $967,809.18. This trade represents a 1.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hudson Technologies Stock Down 1.7 %

Shares of NASDAQ HDSN opened at $6.18 on Friday. Hudson Technologies, Inc. has a 12-month low of $5.35 and a 12-month high of $15.24. The firm has a market cap of $279.34 million, a PE ratio of 9.51, a P/E/G ratio of 0.36 and a beta of 1.22. The company’s fifty day simple moving average is $7.64 and its 200 day simple moving average is $8.38.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, equities analysts predict that Hudson Technologies, Inc. will post 0.57 earnings per share for the current year.

Institutional Trading of Hudson Technologies

Several institutional investors and hedge funds have recently modified their holdings of HDSN. BNP Paribas Financial Markets boosted its position in shares of Hudson Technologies by 37.3% during the first quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock valued at $239,000 after buying an additional 5,894 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Hudson Technologies by 22.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 13,732 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Hudson Technologies by 240,800.0% in the 1st quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock worth $637,000 after acquiring an additional 57,792 shares in the last quarter. Foundry Partners LLC grew its stake in shares of Hudson Technologies by 81.0% in the 1st quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock worth $7,444,000 after acquiring an additional 302,529 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of Hudson Technologies by 26.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 79,790 shares of the industrial products company’s stock valued at $878,000 after purchasing an additional 16,660 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HDSN shares. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. B. Riley reissued a “neutral” rating and set a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Canaccord Genuity Group cut their price target on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Finally, Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.85.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.