Hudson Technologies, Inc. (NASDAQ:HDSN) Director Sells $195,000.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSNGet Rating) Director Vincent P. Abbatecola sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $9.75, for a total transaction of $195,000.00. Following the sale, the director now directly owns 125,578 shares of the company’s stock, valued at approximately $1,224,385.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NASDAQ:HDSN traded up $0.31 during mid-day trading on Friday, reaching $9.45. 38,531 shares of the stock were exchanged, compared to its average volume of 1,171,669. The firm has a market capitalization of $424.40 million, a PE ratio of 6.82, a PEG ratio of 0.25 and a beta of 1.18. Hudson Technologies, Inc. has a 1-year low of $2.70 and a 1-year high of $10.76. The company has a current ratio of 3.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average price of $8.41 and a 200 day moving average price of $5.82.

Hudson Technologies (NASDAQ:HDSNGet Rating) last issued its earnings results on Wednesday, May 4th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.55. Hudson Technologies had a return on equity of 86.75% and a net margin of 25.85%. The firm had revenue of $84.34 million for the quarter, compared to the consensus estimate of $52.00 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, sell-side analysts forecast that Hudson Technologies, Inc. will post 1.38 earnings per share for the current year.

A number of brokerages have recently weighed in on HDSN. Roth Capital upgraded Hudson Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $4.00 to $6.50 in a research report on Wednesday, March 9th. StockNews.com lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th.

A number of large investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in Hudson Technologies by 36.7% in the first quarter. Morgan Stanley now owns 22,347 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 6,000 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Hudson Technologies in the 2nd quarter valued at $43,000. Millennium Management LLC bought a new stake in Hudson Technologies in the second quarter worth $354,000. Barclays PLC increased its position in Hudson Technologies by 253.5% during the third quarter. Barclays PLC now owns 10,466 shares of the industrial products company’s stock worth $37,000 after buying an additional 7,505 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Hudson Technologies by 49.0% during the third quarter. Renaissance Technologies LLC now owns 501,850 shares of the industrial products company’s stock worth $1,772,000 after buying an additional 165,000 shares during the last quarter. Hedge funds and other institutional investors own 61.97% of the company’s stock.

About Hudson Technologies (Get Rating)

Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily 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.

Further Reading

Insider Buying and Selling by Quarter for Hudson Technologies (NASDAQ:HDSN)

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