Hudson Technologies (NASDAQ:HDSN) Releases Earnings Results

Hudson Technologies (NASDAQ:HDSN) posted its earnings results on Wednesday. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01, Zacks reports. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. The business had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. During the same period in the prior year, the company posted $0.33 EPS.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded down $0.70 during trading on Thursday, hitting $9.10. 3,553,604 shares of the stock were exchanged, compared to its average volume of 502,045. Hudson Technologies has a 12-month low of $7.21 and a 12-month high of $15.24. The stock has a market cap of $414.14 million, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.34 and a beta of 1.01. The firm’s 50-day moving average price is $11.70 and its 200 day moving average price is $12.55.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Roth Mkm cut their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a research note on Thursday. B. Riley decreased their price target on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Craig Hallum dropped their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $10.00 in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hudson Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $12.40.

About Hudson Technologies

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.