Hudson Technologies (HDSN) Trading 20.3% Higher Following Insider Buying Activity

Hudson Technologies, Inc. (NASDAQ:HDSN) traded up 20.3% during trading on Thursday following insider buying activity. The company traded as high as $2.73 and last traded at $2.61. 2,803,817 shares changed hands during mid-day trading, an increase of 473% from the average session volume of 488,999 shares. The stock had previously closed at $2.17.

Specifically, Director Otto C. Morch sold 12,224 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $2.52, for a total transaction of $30,804.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin J. Zugibe purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were acquired at an average price of $5.51 per share, with a total value of $27,550.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 33,000 shares of company stock valued at $97,920. Corporate insiders own 18.90% of the company’s stock.

HDSN has been the subject of a number of recent research reports. BidaskClub upgraded Hudson Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. ValuEngine lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Roth Capital set a $9.00 target price on Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, March 8th. Finally, William Blair restated an “outperform” rating on shares of Hudson Technologies in a research note on Thursday, March 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Hudson Technologies presently has an average rating of “Hold” and a consensus target price of $6.50.

The company has a debt-to-equity ratio of 0.84, a current ratio of 2.09 and a quick ratio of 0.41. The company has a market cap of $92.01 million, a P/E ratio of 5.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, May 9th. The industrial products company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Hudson Technologies had a net margin of 1.64% and a return on equity of 6.51%. The firm had revenue of $42.43 million during the quarter, compared to analyst estimates of $45.88 million. equities research analysts forecast that Hudson Technologies, Inc. will post 0.09 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in HDSN. Pekin Singer Strauss Asset Management IL bought a new stake in Hudson Technologies in the first quarter valued at $6,656,000. Cooper Creek Partners Management LLC grew its position in Hudson Technologies by 92.4% in the fourth quarter. Cooper Creek Partners Management LLC now owns 2,429,182 shares of the industrial products company’s stock valued at $14,745,000 after acquiring an additional 1,166,720 shares during the period. ArrowMark Colorado Holdings LLC grew its position in Hudson Technologies by 24.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,419,899 shares of the industrial products company’s stock valued at $14,689,000 after acquiring an additional 472,409 shares during the period. Dimensional Fund Advisors LP grew its position in Hudson Technologies by 19.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,051,235 shares of the industrial products company’s stock valued at $16,020,000 after acquiring an additional 340,455 shares during the period. Finally, Wasatch Advisors Inc. grew its position in Hudson Technologies by 170.1% in the first quarter. Wasatch Advisors Inc. now owns 421,988 shares of the industrial products company’s stock valued at $2,085,000 after acquiring an additional 265,772 shares during the period. Hedge funds and other institutional investors own 80.67% of the company’s stock.

About Hudson Technologies

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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