Hudson Technologies (NASDAQ:HDSN) Posts Earnings Results

Hudson Technologies (NASDAQ:HDSN) issued its earnings results on Monday. The industrial products company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01, Zacks reports. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. The business had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. During the same quarter last year, the firm posted $0.34 EPS.

Hudson Technologies Trading Up 1.0 %

NASDAQ:HDSN traded up $0.06 during trading hours on Thursday, hitting $5.94. 470,075 shares of the company traded hands, compared to its average volume of 476,400. The stock has a market capitalization of $270.39 million, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.43 and a beta of 1.22. Hudson Technologies has a twelve month low of $5.35 and a twelve month high of $15.24. The firm has a 50-day moving average of $7.89 and a 200 day moving average of $8.56.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HDSN shares. Roth Mkm downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $7.00 in a research note on Tuesday. Roth Capital lowered shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a report on Tuesday. B. Riley restated a “neutral” rating and set a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday. Finally, Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $10.00 to $7.00 in a research report on Tuesday. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hudson Technologies presently has a consensus rating of “Hold” and an average price target of $7.85.

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.