Hudson Technologies (NASDAQ:HDSN) Shares Cross Below 200-Day Moving Average – Time to Sell?

Hudson Technologies, Inc. (NASDAQ:HDSN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.44 and traded as low as $5.78. Hudson Technologies shares last traded at $5.86, with a volume of 308,383 shares.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HDSN shares. Canaccord Genuity Group decreased their price target on shares of Hudson Technologies from $10.00 to $9.50 and set a “buy” rating for the company in a report on Friday, March 6th. B. Riley Financial decreased their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Roth Mkm decreased their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Finally, Wall Street Zen cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.00.

Hudson Technologies Price Performance

The company’s fifty day moving average is $6.65 and its 200-day moving average is $7.44. The stock has a market cap of $248.87 million, a PE ratio of 16.28 and a beta of 0.99.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%.The business had revenue of $44.41 million for the quarter, compared to analysts’ expectations of $38.12 million. Analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HDSN. State of Alaska Department of Revenue purchased a new position in shares of Hudson Technologies during the fourth quarter worth $28,000. Nkcfo LLC purchased a new position in shares of Hudson Technologies during the third quarter worth $47,000. Quarry LP raised its holdings in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Hudson Technologies during the fourth quarter valued at $62,000. Finally, Tower Research Capital LLC TRC increased its holdings in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after buying an additional 5,576 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.