Eric Prouty Acquires 5,000 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Eric Prouty bought 5,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $4.84 per share, with a total value of $24,200.00. Following the acquisition, the director owned 153,852 shares in the company, valued at approximately $744,643.68. This trade represents a 3.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded up $0.11 on Friday, reaching $4.95. The company had a trading volume of 415,458 shares, compared to its average volume of 322,717. The firm has a market cap of $208.04 million, a price-to-earnings ratio of 15.95 and a beta of 0.87. The firm’s 50-day moving average price is $5.98 and its two-hundred day moving average price is $6.84. Hudson Technologies, Inc. has a 1 year low of $4.70 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. As a group, analysts anticipate that Hudson Technologies, Inc. will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Hudson Technologies

A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its holdings in Hudson Technologies by 2.2% during the 1st quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 3,105 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Hudson Technologies by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock valued at $12,631,000 after acquiring an additional 105,160 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Hudson Technologies in the 1st quarter worth $179,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Hudson Technologies in the 1st quarter worth $82,000. Finally, Inspire Investing LLC lifted its holdings in shares of Hudson Technologies by 28.4% in the 1st quarter. Inspire Investing LLC now owns 88,086 shares of the industrial products company’s stock worth $518,000 after buying an additional 19,503 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. B. Riley Financial dropped their target price on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Roth Mkm dropped their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Wall Street Zen cut Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, 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 report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hudson Technologies has a consensus rating of “Hold” and an average price target of $8.88.

Hudson Technologies Company Profile

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.