Hudson Technologies (NASDAQ:HDSN) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report)'s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Craig Hallum downgraded shares of Hudson Technologies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Capital downgraded shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Roth Mkm downgraded shares of Hudson Technologies from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $12.00 to $7.00 in a research report on Tuesday, November 5th. Canaccord Genuity Group dropped 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, B. Riley reissued a "neutral" rating and set a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.85.

Hudson Technologies Stock Down 2.9 %

The firm has a market capitalization of $261.48 million, a price-to-earnings ratio of 8.90, a PEG ratio of 0.49 and a beta of 1.09. The business's 50-day simple moving average is $5.71 and its two-hundred day simple moving average is $6.79.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in HDSN. JPMorgan Chase & Co. boosted its position in shares of Hudson Technologies by 69.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company's stock worth $2,824,000 after buying an additional 139,042 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Hudson Technologies during the 3rd quarter worth approximately $373,000. Bleakley Financial Group LLC acquired a new stake in Hudson Technologies in the third quarter valued at approximately $96,000. Barclays PLC boosted its stake in shares of Hudson Technologies by 314.0% during the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company's stock valued at $569,000 after buying an additional 51,719 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of 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 during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

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.