Hudson Technologies (NASDAQ:HDSN - Get Free Report) issued its quarterly earnings data on Monday. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01, Zacks reports. The firm had revenue of $61.94 million for the quarter, compared to analysts' expectations of $64.92 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same period in the prior year, the firm earned $0.34 earnings per share.
Hudson Technologies Trading Down 22.0 %
Shares of NASDAQ:HDSN traded down $1.67 during trading on Tuesday, hitting $5.92. 3,522,597 shares of the company's stock were exchanged, compared to its average volume of 470,327. The firm has a 50-day moving average price of $7.98 and a two-hundred day moving average price of $8.61. Hudson Technologies has a 1-year low of $5.67 and a 1-year high of $15.24. The firm has a market cap of $269.48 million, a P/E ratio of 7.82, a PEG ratio of 0.42 and a beta of 1.22.
Analyst Upgrades and Downgrades
A number of research firms recently commented on HDSN. B. Riley restated a "neutral" rating and set a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday. Roth Mkm cut Hudson Technologies from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $12.00 to $7.00 in a report on Tuesday. Canaccord Genuity Group reduced their price target on shares of Hudson Technologies from $8.75 to $8.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Craig Hallum cut shares of Hudson Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $10.00 to $7.00 in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $7.85.
Get Our Latest Stock Analysis on HDSN
Hudson Technologies Company Profile
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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.
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