Hudson Technologies (HDSN) Lifted to Hold at Zacks Investment Research

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Hudson Technologies (NASDAQ:HDSN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “

Separately, ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Hudson Technologies presently has a consensus rating of “Buy”.

Shares of HDSN stock traded up $0.02 during trading on Friday, reaching $2.03. The company’s stock had a trading volume of 693,800 shares, compared to its average volume of 360,772. The company has a quick ratio of 0.39, a current ratio of 1.88 and a debt-to-equity ratio of 1.58. The firm has a market cap of $85.63 million, a PE ratio of -8.83 and a beta of 1.83. Hudson Technologies has a one year low of $0.70 and a one year high of $2.73.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.02). The business had revenue of $25.72 million during the quarter, compared to the consensus estimate of $25.18 million. Hudson Technologies had a negative return on equity of 16.86% and a negative net margin of 34.35%. On average, equities analysts predict that Hudson Technologies will post -0.1 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC lifted its position in shares of Hudson Technologies by 7.2% in the first quarter. ArrowMark Colorado Holdings LLC now owns 4,178,343 shares of the industrial products company’s stock worth $8,064,000 after purchasing an additional 278,943 shares in the last quarter. Cooper Creek Partners Management LLC raised its position in Hudson Technologies by 0.3% during the first quarter. Cooper Creek Partners Management LLC now owns 3,828,773 shares of the industrial products company’s stock worth $7,390,000 after acquiring an additional 10,115 shares in the last quarter. Vanguard Group Inc raised its position in Hudson Technologies by 1.2% during the third quarter. Vanguard Group Inc now owns 1,597,854 shares of the industrial products company’s stock worth $2,045,000 after acquiring an additional 18,319 shares in the last quarter. Wells Fargo & Company MN raised its position in Hudson Technologies by 20.2% during the first quarter. Wells Fargo & Company MN now owns 638,602 shares of the industrial products company’s stock worth $1,233,000 after acquiring an additional 107,434 shares in the last quarter. Finally, Norges Bank bought a new stake in Hudson Technologies during the fourth quarter worth $351,000. 63.74% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing services.

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