Hudson Technologies, Inc. (NASDAQ:HDSN) – Equities research analysts at B. Riley lifted their Q2 2018 earnings estimates for Hudson Technologies in a research note issued on Thursday, according to Zacks Investment Research. B. Riley analyst S. Sherbetchyan now forecasts that the industrial products company will earn $0.30 per share for the quarter, up from their previous forecast of $0.24. B. Riley currently has a “Neutral” rating and a $6.50 target price on the stock. B. Riley also issued estimates for Hudson Technologies’ FY2019 earnings at $0.51 EPS.
Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, March 7th. The industrial products company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The firm had revenue of $24.60 million during the quarter, compared to analyst estimates of $17.02 million. Hudson Technologies had a return on equity of 11.97% and a net margin of 7.95%. The business’s revenue for the quarter was up 215.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS.
Other research analysts have also issued reports about the company. William Blair reaffirmed an “outperform” rating on shares of Hudson Technologies in a research report on Thursday, March 8th. ValuEngine raised Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. BidaskClub raised Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Roth Capital set a $9.00 price objective on Hudson Technologies and gave the company a “buy” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $7.75.
Shares of HDSN traded down $0.15 during trading hours on Friday, hitting $4.79. The company had a trading volume of 231,152 shares, compared to its average volume of 393,314. Hudson Technologies has a one year low of $4.39 and a one year high of $10.40. The firm has a market cap of $209.47, a price-to-earnings ratio of 10.28, a PEG ratio of 0.49 and a beta of 1.23. The company has a current ratio of 2.19, a quick ratio of 0.38 and a debt-to-equity ratio of 0.82.
In other news, CEO Kevin J. Zugibe acquired 5,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were acquired at an average cost of $5.51 per share, with a total value of $27,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 8,000 shares of company stock worth $44,070 over the last three months. Corporate insiders own 18.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in HDSN. Stone Ridge Asset Management LLC acquired a new position in shares of Hudson Technologies in the fourth quarter valued at about $127,000. Voya Investment Management LLC acquired a new position in shares of Hudson Technologies in the second quarter valued at about $131,000. Two Sigma Advisers LP purchased a new stake in shares of Hudson Technologies in the fourth quarter worth about $136,000. Boothbay Fund Management LLC purchased a new stake in shares of Hudson Technologies in the third quarter worth about $144,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Hudson Technologies by 13.2% in the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock worth $146,000 after buying an additional 2,025 shares during the last quarter. 76.09% of the stock is currently owned by institutional investors and hedge funds.
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About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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