Hudson Technologies (NASDAQ:HDSN) Stock Passes Below 200 Day Moving Average – Should You Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.53 and traded as low as $5.33. Hudson Technologies shares last traded at $5.36, with a volume of 454,172 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on HDSN. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Roth Mkm reduced their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Wall Street Zen downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. B. Riley Financial reduced their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Canaccord Genuity Group reduced their price target on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hudson Technologies presently has a consensus rating of “Hold” and a consensus target price of $8.88.

Hudson Technologies Stock Performance

The firm has a market cap of $225.50 million, a P/E ratio of 17.29 and a beta of 0.81. The business’s 50-day simple moving average is $5.69 and its 200 day simple moving average is $6.53.

Hudson Technologies (NASDAQ:HDSN) last posted 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). 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 during the quarter, compared to the consensus estimate of $57.15 million. As a group, equities research analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Hudson Technologies news, Director Alan Sheriff acquired 5,200 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $4.88 per share, with a total value of $25,376.00. Following the transaction, the director directly owned 9,265 shares in the company, valued at approximately $45,213.20. The trade was a 127.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey R. Feeler acquired 5,100 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $4.92 per share, with a total value of $25,092.00. Following the transaction, the director owned 9,165 shares in the company, valued at approximately $45,091.80. This trade represents a 125.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 32,850 shares of company stock valued at $161,120. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Hudson Technologies

A number of hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Hudson Technologies by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 1,247 shares during the period. Quarry LP grew its position in shares of Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares during the period. First Trust Advisors LP grew its position in shares of 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. Graham Capital Management L.P. grew its position in shares of Hudson Technologies by 9.7% during the 4th quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 3,256 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 3,532 shares during the period. Institutional investors own 71.34% of the company’s stock.

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.