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

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.13 and traded as low as $5.65. Hudson Technologies shares last traded at $5.83, with a volume of 271,738 shares.

Analysts Set New Price Targets

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

Hudson Technologies Price Performance

The firm has a market cap of $262.15 million, a price-to-earnings ratio of 8.92, a P/E/G ratio of 0.47 and a beta of 1.11. The business has a 50-day moving average of $5.76 and a 200-day moving average of $7.08.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, equities analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Institutional Trading of Hudson Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC increased its stake in shares of Hudson Technologies by 3.6% during the 3rd quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company's stock worth $367,000 after purchasing an additional 1,513 shares during the last quarter. Rhumbline Advisers grew its holdings in Hudson Technologies by 3.9% during the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock worth $388,000 after purchasing an additional 2,601 shares during the period. West Tower Group LLC acquired a new position in Hudson Technologies during the third quarter worth approximately $28,000. nVerses Capital LLC bought a new stake in Hudson Technologies in the third quarter valued at approximately $28,000. Finally, FMR LLC lifted its position in shares of Hudson Technologies by 299.8% in the third quarter. FMR LLC now owns 4,670 shares of the industrial products company's stock valued at $39,000 after buying an additional 3,502 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

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.