Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,030,000 shares, a growth of 8.7% from the December 31st total of 947,200 shares. Based on an average daily volume of 367,400 shares, the short-interest ratio is currently 2.8 days. Currently, 2.6% of the shares of the company are sold short.
Analyst Ratings Changes
HDSN has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Hudson Technologies in a research report on Thursday, October 5th. They set a “hold” rating for the company. B. Riley started coverage on shares of Hudson Technologies in a research report on Tuesday, December 5th. They issued a “buy” rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.25.
Institutional Investors Weigh In On Hudson Technologies
A number of hedge funds have recently bought and sold shares of the business. ArrowMark Colorado Holdings LLC raised its stake in Hudson Technologies by 12.7% during the second quarter. ArrowMark Colorado Holdings LLC now owns 3,784,007 shares of the industrial products company’s stock valued at $36,402,000 after purchasing an additional 425,393 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hudson Technologies by 9.0% in the second quarter. BlackRock Inc. now owns 2,901,876 shares of the industrial products company’s stock valued at $27,916,000 after acquiring an additional 240,406 shares during the period. Vanguard Group Inc. raised its stake in shares of Hudson Technologies by 3.8% in the third quarter. Vanguard Group Inc. now owns 2,192,727 shares of the industrial products company’s stock valued at $16,116,000 after acquiring an additional 79,758 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hudson Technologies by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,416,244 shares of the industrial products company’s stock valued at $13,625,000 after acquiring an additional 137,453 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Hudson Technologies by 382.1% in the second quarter. Millennium Management LLC now owns 1,397,116 shares of the industrial products company’s stock valued at $10,492,000 after acquiring an additional 1,107,307 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.
Hudson Technologies Stock Performance
Shares of NASDAQ:HDSN opened at $12.68 on Thursday. The firm has a fifty day moving average price of $12.87 and a 200 day moving average price of $12.18. Hudson Technologies has a fifty-two week low of $7.21 and a fifty-two week high of $15.03. The firm has a market cap of $576.97 million, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.33 and a beta of 1.03.
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $87.50 million. Hudson Technologies had a net margin of 18.31% and a return on equity of 27.85%. As a group, research analysts predict that Hudson Technologies will post 1.13 earnings per share for the current year.
About Hudson Technologies
Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.
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