The stock of Hudson Technologies, Inc. (NASDAQ:HDSN) hit a new 52-week high and has $17.33 target or 141.00% above today’s $7.19 share price. The 8 months bullish chart indicates low risk for the $246.56 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $17.33 price target is reached, the company will be worth $347.65 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 720,380 shares traded hands or 72.42% up from the average. Hudson Technologies, Inc. (NASDAQ:HDSN) has risen 113.35% since April 11, 2016 and is uptrending. It has outperformed by 107.21% the S&P500.
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 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.
Rmb Ltd Liability Corporation holds 0.15% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN) for 774,146 shares. The Connecticut-based Gilman Hill Asset Mngmt Ltd has invested 0.05% in Hudson Technologies, Inc. (NASDAQ:HDSN). Blackrock Investment Mngmt Limited Com reported 4,711 shares or 0% of all its holdings. Walleye Trading last reported 0% of its portfolio in the stock. Advisory Net Ltd Liability Corporation has invested 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN). The Ontario – Canada-based Royal State Bank Of Canada has invested 0% in Hudson Technologies, Inc. (NASDAQ:HDSN). Moreover, California Public Employees Retirement Systems has 0% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 104,500 shares. Moreover, Northern Tru Corp has 0% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 33,817 shares. Blackrock Institutional Tru Na, a California-based fund reported 29,887 shares. Blair William & Co Il accumulated 126,288 shares or 0% of the stock. Manufacturers Life Insurance The accumulated 0% or 1,328 shares. Mesirow Finance Invest Mgmt reported 53,210 shares or 0.01% of all its holdings. Vnbtrust Natl Association holds 0.83% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN) for 395,471 shares. Geode Management Limited Company accumulated 126,344 shares or 0% of the stock. Wasatch Advsr Incorporated holds 0.03% or 504,906 shares in its portfolio.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 10 selling transactions for $5.69 million net activity. The insider COLEMAN BRIAN F sold 178,514 shares worth $881,859. $1.33 million worth of Hudson Technologies, Inc. (NASDAQ:HDSN) shares were sold by MANDRACCHIA STEPHEN P. MORCH OTTO C sold 7,000 shares worth $34,750. The insider Parrillo Richard sold $142,330. Another trade for 5,218 shares valued at $31,673 was made by Krishnamurti Nat on Tuesday, September 6. 600,000 shares were sold by ZUGIBE KEVIN J, worth $2.91M on Friday, August 5.
More news for Hudson Technologies, Inc. (NASDAQ:HDSN) were recently published by: Nasdaq.com, which released: “Why Hudson Technologies (HDSN) Isn’t Done Growing Earnings Yet” on November 10, 2016. Seekingalpha.com‘s article titled: “Hudson Technologies: Multi-Bagger Potential Due To Secular Tailwind” and published on November 02, 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.