Hudson Technologies (NASDAQ:HDSN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.82 and traded as low as $5.65. Hudson Technologies shares last traded at $5.84, with a volume of 309,139 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on the company. Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Roth Capital lowered Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. B. Riley reissued a “neutral” rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group dropped their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hudson Technologies has a consensus rating of “Hold” and an average price target of $7.85.

Hudson Technologies Stock Performance

The stock’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $6.80. The firm has a market capitalization of $266.68 million, a PE ratio of 9.08, a P/E/G ratio of 0.48 and a beta of 1.09.

Hedge Funds Weigh In On Hudson Technologies

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Hudson Technologies by 69.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock valued at $2,824,000 after acquiring an additional 139,042 shares during the period. Sanctuary Advisors LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth approximately $373,000. Bleakley Financial Group LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth approximately $96,000. Barclays PLC increased its holdings in Hudson Technologies by 314.0% in the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock worth $569,000 after acquiring an additional 51,719 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Hudson Technologies by 23.3% during the 3rd quarter. Jane Street Group LLC now owns 79,868 shares of the industrial products company’s stock valued at $666,000 after buying an additional 15,099 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

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.