According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “
Separately, ValuEngine upgraded shares of Hudson Technologies from a hold rating to a buy rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $4.00.
Shares of NASDAQ HDSN opened at $1.51 on Friday. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 1.42. Hudson Technologies has a 52-week low of $0.70 and a 52-week high of $4.60. The company has a market capitalization of $66.09 million, a price-to-earnings ratio of -6.57 and a beta of 2.00.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position 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. increased its position in shares of Hudson Technologies by 55.0% during the fourth quarter. Thompson Investment Management Inc. now owns 225,325 shares of the industrial products company’s stock worth $201,000 after buying an additional 80,000 shares during the period. Weber Alan W acquired a new stake in shares of Hudson Technologies during the fourth quarter worth $273,000. Norges Bank acquired a new stake in shares of Hudson Technologies during the fourth quarter worth $351,000. Finally, United Services Automobile Association increased its position in shares of Hudson Technologies by 39.3% during the third quarter. United Services Automobile Association now owns 769,298 shares of the industrial products company’s stock worth $985,000 after buying an additional 216,970 shares during the period. Hedge funds and other institutional investors own 64.26% 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 services.
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