Hudson Technologies (NASDAQ:HDSN) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.35 and traded as low as $5.66. Hudson Technologies shares last traded at $5.68, with a volume of 356,380 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on HDSN. Craig Hallum lowered Hudson Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Mkm downgraded shares of Hudson Technologies from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. B. Riley reaffirmed a "neutral" rating and issued a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Canaccord Genuity Group decreased their target price 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, November 5th. Finally, Roth Capital lowered shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.85.

Hudson Technologies Trading Up 3.7 %

The business's 50 day moving average price is $5.77 and its two-hundred day moving average price is $7.33. The stock has a market cap of $266.22 million, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 0.34 and a beta of 1.11.

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

Institutional Trading of Hudson Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of HDSN. nVerses Capital LLC bought a new stake in Hudson Technologies in the third quarter worth $28,000. West Tower Group LLC bought a new position in shares of Hudson Technologies during the third quarter valued at $28,000. Quarry LP grew its stake in shares of Hudson Technologies by 901.1% in the third quarter. Quarry LP now owns 4,675 shares of the industrial products company's stock worth $39,000 after acquiring an additional 4,208 shares during the period. FMR LLC grew its position in Hudson Technologies by 299.8% in the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company's stock worth $39,000 after purchasing an additional 3,502 shares during the period. Finally, Point72 DIFC Ltd bought a new position in Hudson Technologies in the second quarter valued at about $55,000. 71.34% of the stock is owned by hedge funds and other 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.