Price Action Report: What Next for Hudson Technologies, Inc. Stock After Today’s Significant Increase?

Price Action Report: What Next for Hudson Technologies, Inc. Stock After Today's Significant Increase?

The stock of Hudson Technologies, Inc. (NASDAQ:HDSN) is a huge mover today! The stock increased 3.66% or $0.29 on November 23, hitting $8.22. About 405,310 shares traded hands. Hudson Technologies, Inc. (NASDAQ:HDSN) has risen 147.59% since April 22, 2016 and is uptrending. It has outperformed by 142.18% the S&P500.
The move comes after 8 months positive chart setup for the $267.36 million company. It was reported on Nov, 24 by Barchart.com. We have $8.63 PT which if reached, will make NASDAQ:HDSN worth $13.37M more.

Analysts await Hudson Technologies, Inc. (NASDAQ:HDSN) to report earnings on March, 1. They expect $-0.03 earnings per share, 0.00% or $0.00 from last year’s $-0.03 per share. After $0.14 actual earnings per share reported by Hudson Technologies, Inc. for the previous quarter, Wall Street now forecasts -121.43% 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 2.41 in Q2 2016. Its up 0.95, from 1.46 in 2016Q1. The ratio improved, 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.
Walleye Trading Ltd Liability, a Minnesota-based fund reported 9,500 shares. Perritt Capital holds 1.70M shares or 1.61% of its portfolio. Gilman Hill Asset Ltd Liability Corporation last reported 34,390 shares in the company. Blackrock Institutional Tru Com Na reported 29,887 shares or 0% of all its holdings. Coe Mngmt Ltd Liability Co accumulated 0% or 53,947 shares. Blackrock Fund Advsr accumulated 72,995 shares or 0% of the stock. The New York-based Goldman Sachs Incorporated has invested 0% in Hudson Technologies, Inc. (NASDAQ:HDSN). Heartland Advsr owns 2.50M shares or 0.51% of their US portfolio. Vanguard Grp holds 751,974 shares or 0% of its portfolio. Rmb Cap Mngmt Ltd Limited Liability Company holds 774,146 shares or 0.15% of its portfolio. Wasatch Advisors accumulated 0.03% or 504,906 shares. Bard Associate holds 1.27% or 668,300 shares in its portfolio. Moreover, Granahan Invest Mngmt Ma has 0.19% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 1.48 million shares. Royal Retail Bank Of Canada, a Ontario – Canada-based fund reported 669,125 shares. Founders Capital Management Ltd Co last reported 0.06% of its portfolio in the stock.

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 10 insider sales for $5.69 million net activity. Krishnamurti Nat sold $31,673 worth of stock. COLEMAN BRIAN F also sold $107,999 worth of Hudson Technologies, Inc. (NASDAQ:HDSN) on Wednesday, August 10. $2.91M worth of shares were sold by ZUGIBE KEVIN J on Friday, August 5. The insider MANDRACCHIA STEPHEN P sold 28,258 shares worth $140,527. The insider Parrillo Richard sold 21,200 shares worth $104,435. $34,750 worth of Hudson Technologies, Inc. (NASDAQ:HDSN) shares were sold by MORCH OTTO C.

More news for Hudson Technologies, Inc. (NASDAQ:HDSN) were recently published by: Businesswire.com, which released: “Hudson Technologies Awarded Department of Defense Contract with an Estimated …” on July 18, 2016. Businesswire.com‘s article titled: “Hudson Technologies Names Nat Krishnamurti as Chief Financial Officer” and published on September 06, 2016 is yet another important article.

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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