Hudson Technologies (NASDAQ:HDSN) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.49 and traded as low as $7.37. Hudson Technologies shares last traded at $7.48, with a volume of 356,042 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a report on Thursday, November 6th. Canaccord Genuity Group decreased their price objective on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Zacks Research downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hudson Technologies in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hudson Technologies currently has a consensus rating of “Hold” and an average price target of $9.33.

Hudson Technologies Stock Performance

The firm has a market capitalization of $321.64 million, a PE ratio of 14.96 and a beta of 0.86. The stock’s 50-day simple moving average is $7.07 and its 200-day simple moving average is $8.49.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Hudson Technologies had a net margin of 9.60% and a return on equity of 8.97%. The firm had revenue of $74.01 million during the quarter, compared to analysts’ expectations of $72.15 million. As a group, analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in Hudson Technologies by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after buying an additional 39,654 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hudson Technologies in the first quarter worth $97,000. Goldman Sachs Group Inc. lifted its holdings in shares of Hudson Technologies by 49.1% during the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after purchasing an additional 80,973 shares in the last quarter. Strs Ohio purchased a new stake in shares of Hudson Technologies during the first quarter valued at $510,000. Finally, Voya Investment Management LLC boosted its position in shares of Hudson Technologies by 32.3% during the first quarter. Voya Investment Management LLC now owns 49,545 shares of the industrial products company’s stock valued at $306,000 after buying an additional 12,110 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.