Hudson Technologies (NASDAQ:HDSN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday.

According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “

Separately, Roth Capital reaffirmed a “buy” rating on shares of Hudson Technologies in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.50.

Hudson Technologies stock opened at $1.76 on Thursday. Hudson Technologies has a 1 year low of $0.70 and a 1 year high of $6.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.09 and a quick ratio of 0.41. The company has a market capitalization of $72.85 million, a PE ratio of 3.73 and a beta of 1.60.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, December 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.18). Hudson Technologies had a negative net margin of 30.62% and a negative return on equity of 3.77%. The firm had revenue of $40.55 million during the quarter, compared to analyst estimates of $51.53 million. On average, sell-side analysts predict that Hudson Technologies will post -0.31 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Pekin Singer Strauss Asset Management IL increased its stake in shares of Hudson Technologies by 14.8% in the third quarter. Pekin Singer Strauss Asset Management IL now owns 2,928,400 shares of the industrial products company’s stock valued at $3,748,000 after buying an additional 377,478 shares during the period. United Services Automobile Association increased its stake in shares of Hudson Technologies by 274.6% in the second quarter. United Services Automobile Association now owns 552,328 shares of the industrial products company’s stock valued at $1,110,000 after buying an additional 404,870 shares during the period. Granahan Investment Management Inc. MA increased its stake in shares of Hudson Technologies by 183.3% in the second quarter. Granahan Investment Management Inc. MA now owns 1,035,117 shares of the industrial products company’s stock valued at $2,081,000 after buying an additional 669,745 shares during the period. Thompson Investment Management Inc. increased its stake in shares of Hudson Technologies by 123.6% in the third quarter. Thompson Investment Management Inc. now owns 145,325 shares of the industrial products company’s stock valued at $186,000 after buying an additional 80,325 shares during the period. Finally, LMR Partners LLP acquired a new position in shares of Hudson Technologies in the second quarter valued at approximately $211,000. 72.13% of the stock is owned by institutional investors.

Hudson Technologies Company Profile

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.

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