Hudson Technologies (NASDAQ:HDSN) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Hudson Technologies (NASDAQ:HDSN) issued its earnings results on Monday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01, Zacks reports. The company had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. During the same quarter last year, the firm earned $0.34 EPS.

Hudson Technologies Trading Up 1.0 %

Shares of HDSN traded up $0.06 during trading hours on Thursday, reaching $5.94. The stock had a trading volume of 470,075 shares, compared to its average volume of 476,400. The firm has a 50-day simple moving average of $7.89 and a 200 day simple moving average of $8.56. Hudson Technologies has a 12 month low of $5.35 and a 12 month high of $15.24. The company has a market capitalization of $270.39 million, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.43 and a beta of 1.22.

Analyst Ratings Changes

A number of analysts recently weighed in on HDSN shares. B. Riley reiterated a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. 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 report on Tuesday. Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $10.00 to $7.00 in a report on Tuesday. Finally, Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $12.00 to $7.00 in a research note on Tuesday. Six analysts have rated the stock with a hold rating, According to MarketBeat, Hudson Technologies presently has a consensus rating of “Hold” and an average price target of $7.85.

About Hudson Technologies

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.