Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) shot up 5.1% during mid-day trading on Monday . The stock traded as high as $6.62 and last traded at $6.57. 695,556 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 461,951 shares. The stock had previously closed at $6.25.

Several brokerages have issued reports on HDSN. B. Riley set a $8.00 target price on Hudson Technologies and gave the company a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Roth Capital set a $11.00 target price on Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.25.

The company has a market cap of $262.75, a P/E ratio of 20.53, a PEG ratio of 0.60 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $25.00 million. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The firm’s quarterly revenue was down 29.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. research analysts anticipate that Hudson Technologies, Inc. will post 0.3 earnings per share for the current year.

In related news, Director Richard Parrillo purchased 10,000 shares of Hudson Technologies stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $58,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 18.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Algert Global LLC purchased a new position in Hudson Technologies during the third quarter worth about $719,000. Granahan Investment Management Inc. MA purchased a new position in Hudson Technologies during the third quarter worth about $406,000. Boothbay Fund Management LLC purchased a new position in Hudson Technologies during the third quarter worth about $144,000. Allianz Asset Management GmbH grew its position in Hudson Technologies by 3.0% during the third quarter. Allianz Asset Management GmbH now owns 421,177 shares of the industrial products company’s stock worth $3,289,000 after buying an additional 12,415 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in Hudson Technologies during the third quarter worth about $3,866,000. Institutional investors own 76.04% of the company’s stock.

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About Hudson Technologies

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

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