Shares of Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) gapped down before the market opened on Thursday after B. Riley lowered their price target on the stock from $17.00 to $16.00. The stock had previously closed at $14.22, but opened at $12.48. B. Riley currently has a buy rating on the stock. Hudson Technologies shares last traded at $12.01, with a volume of 459,226 shares changing hands.
Insiders Place Their Bets
In related news, Director Richard Parrillo sold 20,205 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $13.29, for a total value of $268,524.45. Following the transaction, the director now owns 179,768 shares in the company, valued at $2,389,116.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.20% of the stock is currently owned by insiders.
Institutional Trading of Hudson Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of HDSN. Brightline Capital Management LLC bought a new position in shares of Hudson Technologies during the third quarter valued at approximately $1,862,000. Allspring Global Investments Holdings LLC lifted its position in Hudson Technologies by 83.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 144,682 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Hudson Technologies during the 3rd quarter valued at $172,000. Bank of New York Mellon Corp lifted its position in shares of Hudson Technologies by 18.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 348,193 shares of the industrial products company’s stock valued at $3,350,000 after acquiring an additional 53,215 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Hudson Technologies during the 3rd quarter valued at $301,000. 63.95% of the stock is owned by institutional investors.
Hudson Technologies Price Performance
The stock has a fifty day moving average price of $13.54 and a 200-day moving average price of $12.97. The company has a market cap of $541.45 million, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.37 and a beta of 0.96.
About Hudson Technologies
Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry in the United States. The company’s products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.