Hudson Technologies (NASDAQ:HDSN) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.36 and traded as low as $5.41. Hudson Technologies shares last traded at $5.74, with a volume of 683,633 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on HDSN. Canaccord Genuity Group decreased 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. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. B. Riley Financial reduced their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Roth Mkm decreased 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. Finally, Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.88.

Hudson Technologies Stock Up 5.6%

The company’s fifty day moving average is $5.55 and its two-hundred day moving average is $6.34. The stock has a market cap of $252.00 million, a price-to-earnings ratio of 19.32 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 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 firm had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. Sell-side analysts predict that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Hudson Technologies news, Director Alan Sheriff bought 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $4.88 per share, with a total value of $25,376.00. Following the completion of the acquisition, the director directly owned 9,265 shares of the company’s stock, valued at $45,213.20. This represents a 127.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey R. Feeler acquired 5,100 shares of the 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 completion of the transaction, the director owned 9,165 shares in the company, valued at approximately $45,091.80. This represents a 125.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 797,052 shares of company stock worth $4,638,087. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds have recently added to or reduced their stakes in HDSN. State of Alaska Department of Revenue purchased a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $28,000. Quarry LP grew its position in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares during the last quarter. BNP Paribas Financial Markets raised its stake in 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 worth $75,000 after acquiring an additional 3,532 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 5,576 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Hudson Technologies in the fourth quarter valued at $62,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.