The stock of Hudson Technologies, Inc. (NASDAQ:HDSN) hit a new 52-week high and has $13.13 target or 94.00% above today’s $6.77 share price. The 5 months bullish chart indicates low risk for the $237.93 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $13.13 price target is reached, the company will be worth $223.65 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 56,212 shares traded hands. Hudson Technologies, Inc. (NASDAQ:HDSN) has risen 104.62% since February 29, 2016 and is uptrending. It has outperformed by 92.40% the S&P500.
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 $3.16M for 18.81 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 increased, 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.
Wells Fargo And Mn holds 0% or 392,991 shares in its portfolio. Dimensional Fund Advsr Lp last reported 475,698 shares in the company. Perritt Capital Mngmt Inc reported 1.70 million shares or 1.61% of all its holdings. Evercore Wealth Management Limited Com holds 1,000 shares or 0% of its portfolio. Advisory Svcs Net Limited Liability Company holds 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN) for 200 shares. California Pub Employees Retirement, a California-based fund reported 104,500 shares. Moreover, Blackrock Institutional Tru Company Na has 0% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 29,887 shares. Goldman Sachs Gp Incorporated owns 10,952 shares or 0% of their US portfolio. Boothbay Fund Limited Liability Corp reported 12,532 shares or 0.02% of all its holdings. Blackrock Investment Mgmt Lc has invested 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN). Gilman Hill Asset Management Ltd Liability Corp holds 0.05% or 34,390 shares in its portfolio. Moreover, Fny Managed Accounts Ltd Liability Company has 0% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 10,000 shares. Tower Capital Limited Co (Trc) accumulated 4,586 shares or 0% of the stock. Moreover, Utd Services Automobile Association has 0% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 93,894 shares. Granahan Invest Mgmt Ma accumulated 0.19% or 1.48 million shares.
Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 10 sales for $5.69 million net activity. $10,440 worth of shares were sold by COLEMAN BRIAN F on Wednesday, September 14. Another trade for 28,800 shares valued at $142,330 was made by Parrillo Richard on Wednesday, August 10. MORCH OTTO C sold $34,750 worth of Hudson Technologies, Inc. (NASDAQ:HDSN) on Friday, August 12. Krishnamurti Nat sold $31,673 worth of stock. The insider ZUGIBE KEVIN J sold 600,000 shares worth $2.91M. MANDRACCHIA STEPHEN P sold $140,527 worth of Hudson Technologies, Inc. (NASDAQ:HDSN) on Wednesday, August 10.
More recent Hudson Technologies, Inc. (NASDAQ:HDSN) news were published by: Finance.Yahoo.com which released: “Hudson Technologies Names Nat Krishnamurti as Chief Financial Officer” on September 06, 2016. Also Seekingalpha.com published the news titled: “Hudson Technologies: The DoD Contract Is A Game Changer” on July 20, 2016. Seekingalpha.com‘s news article titled: “Hudson Technologies: The Start Of The Price Squeeze” with publication date: May 19, 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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