Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) traded down 9.8% during mid-day trading on Tuesday . The stock traded as low as $1.82 and last traded at $1.84. 827,174 shares were traded during mid-day trading, an increase of 158% from the average session volume of 320,198 shares. The stock had previously closed at $2.04.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. ValuEngine raised Hudson Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Hudson Technologies currently has an average rating of “Hold” and an average price target of $4.00.

The firm has a market cap of $88.21 million, a P/E ratio of -8.00 and a beta of 1.99. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.36 and a current ratio of 2.05.

Several hedge funds and other institutional investors have recently bought and sold shares of HDSN. Bank of New York Mellon Corp raised its holdings in Hudson Technologies by 276.7% in the 4th quarter. Bank of New York Mellon Corp now owns 96,175 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 70,646 shares during the period. Thompson Investment Management Inc. grew its position in shares of Hudson Technologies by 55.0% in the fourth quarter. Thompson Investment Management Inc. now owns 225,325 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 80,000 shares during the last quarter. Weber Alan W bought a new position in shares of Hudson Technologies during the fourth quarter worth approximately $273,000. Norges Bank bought a new position in shares of Hudson Technologies during the fourth quarter worth approximately $351,000. Finally, Virginia National Bank acquired a new stake in Hudson Technologies during the 3rd quarter worth approximately $635,000. Institutional investors own 64.26% of the company’s stock.

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Hudson Technologies Company Profile (NASDAQ:HDSN)

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 services.

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