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

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

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN traded up $0.01 during trading on Thursday, reaching $5.89. The stock had a trading volume of 408,714 shares, compared to its average volume of 476,242. Hudson Technologies has a 52 week low of $5.35 and a 52 week high of $15.24. The firm’s fifty day moving average is $7.89 and its 200 day moving average is $8.56. The stock has a market cap of $268.11 million, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.43 and a beta of 1.22.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Mkm downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $7.00 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 price target on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday. B. Riley reiterated a “neutral” rating and set a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday. Finally, Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $10.00 to $7.00 in a report on Tuesday. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.85.

Hudson Technologies Company Profile

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.