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

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent P. Abbatecola acquired 2,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were bought at an average price of $5.98 per share, with a total value of $14,950.00. Following the completion of the transaction, the director now directly owns 161,841 shares of the company’s stock, valued at $967,809.18. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hudson Technologies Trading Up 5.2 %

NASDAQ HDSN opened at $6.29 on Thursday. The company has a market cap of $284.31 million, a P/E ratio of 9.68, a PEG ratio of 0.35 and a beta of 1.22. The company has a fifty day simple moving average of $7.68 and a 200 day simple moving average of $8.40. Hudson Technologies, Inc. has a 12-month low of $5.35 and a 12-month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The firm had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same period last year, the company earned $0.34 earnings per share. Sell-side analysts predict that Hudson Technologies, Inc. will post 0.57 EPS for the current year.

Institutional Trading of Hudson Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in Hudson Technologies during the 3rd quarter worth $28,000. West Tower Group LLC purchased a new position in Hudson Technologies during the third quarter worth about $28,000. FMR LLC grew its position in Hudson Technologies by 299.8% in the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 3,502 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Hudson Technologies in the 2nd quarter worth about $55,000. Finally, Quest Partners LLC increased its stake in Hudson Technologies by 121.5% in the 2nd 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 last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on HDSN. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. 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 research report on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. Finally, B. Riley reiterated a “neutral” rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, Hudson Technologies presently has an average rating of “Hold” and an average target price 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.