Hudson Technologies (NASDAQ:HDSN) Issues Earnings Results

Hudson Technologies (NASDAQ:HDSN) announced its quarterly earnings results on Monday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01, Zacks reports. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share.

Hudson Technologies Stock Down 0.7 %

Shares of NASDAQ:HDSN traded down $0.04 during midday trading on Wednesday, reaching $5.88. The company’s stock had a trading volume of 1,788,245 shares, compared to its average volume of 476,545. The firm has a market cap of $267.66 million, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22. The business has a 50 day moving average price of $7.93 and a 200 day moving average price of $8.58. Hudson Technologies has a 1 year low of $5.35 and a 1 year high of $15.24.

Wall Street Analyst Weigh In

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