Hudson Technologies (NASDAQ:HDSN – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
Separately, EF Hutton Acquisition Co. I increased their price target on shares of Hudson Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, November 3rd.
Hudson Technologies Stock Down 7.4 %
Shares of HDSN stock opened at $10.06 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.23 and a current ratio of 3.26. The firm’s 50-day moving average is $10.32 and its 200-day moving average is $9.60. The stock has a market cap of $455.62 million, a price-to-earnings ratio of 4.53, a PEG ratio of 0.24 and a beta of 1.48. Hudson Technologies has a 52-week low of $3.56 and a 52-week high of $12.46.
Insider Buying and Selling at Hudson Technologies
In other Hudson Technologies news, VP Kenneth Gaglione sold 19,000 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $11.53, for a total transaction of $219,070.00. Following the transaction, the vice president now owns 3,207 shares in the company, valued at approximately $36,976.71. The sale was disclosed in a document filed with the SEC, which is accessible via the SEC website. Insiders own 10.00% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in HDSN. Financial Management Professionals Inc. acquired a new position in shares of Hudson Technologies during the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of Hudson Technologies during the 4th quarter worth approximately $26,000. New York State Teachers Retirement System acquired a new stake in shares of Hudson Technologies during the 3rd quarter worth approximately $27,000. Metropolitan Life Insurance Co NY boosted its position in shares of Hudson Technologies by 140.1% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,677 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 1,562 shares in the last quarter. Eventually, Legal & General Group Plc acquired a new stake in shares of Hudson Technologies during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 62.94% of the company’s stock.
About Hudson Technologies
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Hudson Technologies, Inc operates as a refrigerant services company, which provides solutions to recurring problems within the refrigeration industry. Its products and services are used in commercial air conditioning, industrial processing, and refrigeration systems, which include refrigerant sales, refrigerant management services consisting primarily of reclamation of refrigerants, and Refrigerant Side services performed at the customer’s site to remove moisture, oils and other contaminants .
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