Hudson Technologies, Inc. (HDSN) Director Sells $11,369.96 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Dominic J. Monetta sold 5,801 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $1.96, for a total value of $11,369.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ HDSN traded up $0.06 during mid-day trading on Wednesday, hitting $2.01. The company had a trading volume of 11,573 shares, compared to its average volume of 383,394. The company has a market cap of $83.07 million, a price-to-earnings ratio of -8.74 and a beta of 1.83. Hudson Technologies, Inc. has a 12 month low of $0.70 and a 12 month high of $2.73. The company has a current ratio of 1.88, a quick ratio of 0.39 and a debt-to-equity ratio of 1.58.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, March 6th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The company had revenue of $25.72 million during the quarter, compared to the consensus estimate of $25.18 million. Hudson Technologies had a negative return on equity of 16.86% and a negative net margin of 34.35%. As a group, equities analysts forecast that Hudson Technologies, Inc. will post -0.1 earnings per share for the current fiscal year.



Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Hudson Technologies during the 4th quarter valued at $351,000. Weber Alan W bought a new stake in shares of Hudson Technologies during the 4th quarter valued at $273,000. ArrowMark Colorado Holdings LLC raised its position in shares of Hudson Technologies by 7.2% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 4,178,343 shares of the industrial products company’s stock valued at $8,064,000 after acquiring an additional 278,943 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Hudson Technologies by 20.2% during the 1st quarter. Wells Fargo & Company MN now owns 638,602 shares of the industrial products company’s stock valued at $1,233,000 after acquiring an additional 107,434 shares during the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of Hudson Technologies by 55.0% in the 4th quarter. Thompson Investment Management Inc. now owns 225,325 shares of the industrial products company’s stock valued at $201,000 after buying an additional 80,000 shares in the last quarter. 63.74% of the stock is currently owned by institutional investors and hedge funds.

HDSN has been the topic of several recent research reports. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. ValuEngine raised Hudson Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy”.

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About Hudson Technologies

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing services.

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