Hudson Technologies (NASDAQ:HDSN) Announces Quarterly Earnings Results

Hudson Technologies (NASDAQ:HDSN) issued its earnings results on Monday. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01, Zacks reports. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The firm had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded down $1.58 on Tuesday, hitting $6.01. The company had a trading volume of 2,027,113 shares, compared to its average volume of 463,020. The firm has a market capitalization of $273.58 million, a P/E ratio of 7.82, a P/E/G ratio of 0.42 and a beta of 1.22. Hudson Technologies has a twelve month low of $5.83 and a twelve month high of $15.24. The stock has a 50-day moving average of $7.98 and a 200-day moving average of $8.61.

Analysts Set New Price Targets

Several brokerages have commented on HDSN. Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $10.00 to $7.00 in a research note on Tuesday. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday. B. Riley reaffirmed a “neutral” rating and issued a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday. Finally, Roth Mkm downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.