Vincent P. Abbatecola Acquires 2,500 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent P. Abbatecola purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of $5.98 per share, with a total value of $14,950.00. Following the completion of the acquisition, the director now owns 161,841 shares in the company, valued at $967,809.18. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Hudson Technologies Trading Up 5.2 %

NASDAQ HDSN opened at $6.29 on Thursday. Hudson Technologies, Inc. has a 1 year low of $5.35 and a 1 year high of $15.24. The firm has a market capitalization of $284.31 million, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.35 and a beta of 1.22. The firm’s 50 day simple moving average is $7.68 and its 200 day simple moving average is $8.40.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HDSN shares. Roth Capital cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. B. Riley reiterated a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Finally, Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.85.

Hedge Funds Weigh In On Hudson Technologies

Institutional investors have recently added to or reduced their stakes in the stock. West Tower Group LLC acquired a new position in shares of Hudson Technologies during the third quarter worth $28,000. nVerses Capital LLC bought a new position in Hudson Technologies in the third quarter valued at about $28,000. FMR LLC boosted its stake in shares of Hudson Technologies by 299.8% during the third quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 3,502 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Hudson Technologies during the second quarter worth about $55,000. Finally, Quest Partners LLC increased its stake in shares of Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after buying an additional 4,336 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.