Hudson Technologies (NASDAQ:HDSN) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Hudson Technologies (NASDAQ:HDSN) issued its earnings results on Wednesday. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01, Zacks reports. The business had revenue of $65.25 million during the quarter, compared to the consensus estimate of $63.04 million. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. During the same period in the previous year, the company posted $0.33 earnings per share.

Hudson Technologies Trading Down 7.1 %

Shares of HDSN stock traded down $0.70 during trading hours on Thursday, reaching $9.10. The stock had a trading volume of 3,553,604 shares, compared to its average volume of 502,045. The stock’s fifty day simple moving average is $11.70 and its 200 day simple moving average is $12.55. The firm has a market capitalization of $414.14 million, a PE ratio of 8.04, a PEG ratio of 0.34 and a beta of 1.01. Hudson Technologies has a 12 month low of $7.21 and a 12 month high of $15.24.

Wall Street Analyst Weigh In

HDSN has been the subject of several research reports. B. Riley reduced their price target on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Roth Mkm dropped their price target on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group reiterated a “hold” rating and issued a $10.00 price objective (down previously from $15.00) on shares of Hudson Technologies in a research note on Thursday. Craig Hallum reduced their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $10.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Hudson Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $12.40.

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.