The stock of Hudson Technologies, Inc. (NASDAQ:HDSN) is a huge mover today! The stock increased 4.56% or $0.29 on September 30, hitting $6.65. About 604,961 shares traded hands or 31.91% up from the average. Hudson Technologies, Inc. (NASDAQ:HDSN) has risen 96.90% since February 26, 2016 and is uptrending. It has outperformed by 86.48% the S&P500.
The move comes after 8 months positive chart setup for the $222.12 million company. It was reported on Oct, 1 by Barchart.com. We have $16.89 PT which if reached, will make NASDAQ:HDSN worth $342.06M more.
Analysts await Hudson Technologies, Inc. (NASDAQ:HDSN) to report earnings on November, 2. They expect $0.09 EPS, up 200.00% or $0.06 from last year’s $0.03 per share. HDSN’s profit will be $3.01M for 18.47 P/E if the $0.09 EPS becomes a reality. After $0.14 actual EPS reported by Hudson Technologies, Inc. for the previous quarter, Wall Street now forecasts -35.71% negative EPS growth.
According to Zacks Investment Research, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets.”
Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.06, from 1.4 in 2016Q1. The ratio is positive, as 6 funds sold all Hudson Technologies, Inc. shares owned while 7 reduced positions. 8 funds bought stakes while 11 increased positions. They now own 15.51 million shares or 1.69% less from 15.77 million shares in 2016Q1.
Royal Fincl Bank Of Canada holds 669,125 shares or 0% of its portfolio. Wasatch accumulated 0.03% or 504,906 shares. Moreover, Gilman Hill Asset Lc has 0.05% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 34,390 shares. Manufacturers Life The holds 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN) for 1,328 shares. Northern Tru holds 33,817 shares or 0% of its portfolio. Thompson Davis And Company owns 35,500 shares or 0.2% of their US portfolio. Blair William & Communication Il holds 0% or 126,288 shares in its portfolio. Evercore Wealth Management Limited Liability Com last reported 1,000 shares in the company. Moreover, Tower Ltd Com (Trc) has 0% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 4,586 shares. Vnbtrust National Association accumulated 395,471 shares or 0.83% of the stock. Advisory Ser Limited Liability Company holds 0% or 200 shares in its portfolio. The Pennsylvania-based Vanguard Inc has invested 0% in Hudson Technologies, Inc. (NASDAQ:HDSN). Fny Managed Accounts has 0% invested in the company for 10,000 shares. Boothbay Fund Mgmt last reported 12,532 shares in the company. Geode Capital Mgmt Limited Liability Company has invested 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN).
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 10 sales for $5.69 million net activity. Shares for $140,527 were sold by MANDRACCHIA STEPHEN P on Wednesday, August 10. Another trade for 21,386 shares valued at $107,999 was sold by COLEMAN BRIAN F. Shares for $104,435 were sold by Parrillo Richard. MORCH OTTO C had sold 7,000 shares worth $34,750 on Friday, August 12. On Tuesday, September 6 Krishnamurti Nat sold $31,673 worth of the stock or 5,218 shares. 600,000 Hudson Technologies, Inc. (NASDAQ:HDSN) shares with value of $2.91M were sold by ZUGIBE KEVIN J.
More recent Hudson Technologies, Inc. (NASDAQ:HDSN) news were published by: Seekingalpha.com which released: “Hudson Technologies: The DoD Contract Is A Game Changer” on July 20, 2016. Also Seekingalpha.com published the news titled: “Hudson Technologies: The Start Of The Price Squeeze” on May 19, 2016. Businesswire.com‘s news article titled: “Hudson Technologies Names Nat Krishnamurti as Chief Financial Officer” with publication date: September 06, 2016 was also an interesting one.
HDSN Company Profile
Hudson Technologies, Inc. (Hudson), incorporated on January 11, 1991, is a refrigerant services company. The Firm provides solutions to recurring problems within the refrigeration industry. The Company’s services and products include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination to remove moisture, oils and other contaminants. The Company’s services and products are used in commercial air conditioning, industrial processing and refrigeration systems. The Firm also participates in the generation of carbon offset projects as a component of its services and products.
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