Hudson Technologies (NASDAQ:HDSN) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Hudson Technologies (NASDAQ:HDSN) from a hold rating to a sell rating in a report released on Saturday morning.

HDSN has been the subject of several other reports. Canaccord Genuity Group dropped their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. B. Riley Financial dropped their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Roth Mkm dropped their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.88.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $4.92 on Friday. The stock has a fifty day moving average price of $5.93 and a two-hundred day moving average price of $6.83. Hudson Technologies has a 52-week low of $4.70 and a 52-week high of $10.52. The firm has a market capitalization of $206.98 million, a P/E ratio of 15.87 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The company had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. On average, equities research analysts predict that Hudson Technologies will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Hudson Technologies

In other Hudson Technologies news, Director Alan Sheriff bought 5,200 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $4.88 per share, for a total transaction of $25,376.00. Following the completion of the acquisition, the director owned 9,265 shares of the company’s stock, valued at approximately $45,213.20. This trade represents a 127.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey R. Feeler bought 5,100 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the acquisition, the director directly owned 9,165 shares of the company’s stock, valued at approximately $45,091.80. The trade was a 125.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 30,850 shares of company stock worth $151,380 in the last 90 days. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Hudson Technologies

Hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Hudson Technologies in the third quarter valued at about $2,058,000. KBC Group NV bought a new position in Hudson Technologies in the fourth quarter valued at about $843,000. SG Americas Securities LLC boosted its holdings in Hudson Technologies by 65.3% in the fourth quarter. SG Americas Securities LLC now owns 19,132 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 7,557 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in Hudson Technologies in the fourth quarter valued at about $81,000. Finally, EdgeRock Capital LLC boosted its holdings in Hudson Technologies by 6.1% in the fourth quarter. EdgeRock Capital LLC now owns 90,517 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 5,220 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies News Summary

Here are the key news stories impacting Hudson Technologies this week:

• Positive Sentiment: Multiple insiders, including the CEO and several directors, bought shares in open-market transactions, a strong signal of management confidence in Hudson Technologies’ outlook. Insider Buying: Hudson Technologies (NASDAQ:HDSN) Director Acquires 5,000 Shares of Stock
• Neutral Sentiment: Hudson Technologies’ Q1 earnings were mixed: revenue beat expectations, but earnings per share missed estimates, leaving the market with an unclear fundamental picture. Hudson Technologies stock and earnings data
• Negative Sentiment: Sentiment from analysts remains cautious overall, with Wall Street Zen recently downgrading HDSN to “sell,” adding pressure even as insiders bought shares. Hudson Technologies Downgraded to Sell Rating by Wall Street Zen

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.