Schwab Charles Investment Management Inc. acquired a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 59,700 shares of the industrial products company’s stock, valued at approximately $505,000. Schwab Charles Investment Management Inc. owned about 0.14% of Hudson Technologies as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of HDSN. Trexquant Investment LP bought a new stake in Hudson Technologies in the 2nd quarter valued at about $143,000. Paloma Partners Management Co acquired a new position in Hudson Technologies during the 1st quarter valued at about $194,000. CAPROCK Group Inc. acquired a new position in Hudson Technologies during the 2nd quarter valued at about $221,000. Parthenon LLC acquired a new position in Hudson Technologies during the 2nd quarter valued at about $237,000. Finally, Gradient Investments LLC acquired a new position in Hudson Technologies during the 2nd quarter valued at about $314,000. Hedge funds and other institutional investors own 72.34% of the company’s stock.
Several equities analysts have commented on HDSN shares. B. Riley set a $8.00 target price on shares of Hudson Technologies and gave the company a “hold” rating in a research note on Wednesday, October 11th. Roth Capital set a $11.00 target price on shares of Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.25.
Hudson Technologies, Inc. (HDSN) opened at $6.18 on Tuesday. The company has a market cap of $257.28, a P/E ratio of 17.49, a PEG ratio of 0.70 and a beta of 1.12. Hudson Technologies, Inc. has a 52-week low of $5.70 and a 52-week high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The firm had revenue of $24.70 million for the quarter, compared to analyst estimates of $25.00 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was down 29.2% on a year-over-year basis. equities analysts anticipate that Hudson Technologies, Inc. will post 0.32 earnings per share for the current fiscal year.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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