Today’s Price Action: How Analysts Feel About Hudson Technologies, Inc. After Touching 52-Week High?

Today's Price Action: How Analysts Feel About Hudson Technologies, Inc. After Touching 52 Week High?

The stock of Hudson Technologies, Inc. (NASDAQ:HDSN) hit a new 52-week high and has $24.97 target or 199.00% above today’s $8.35 share price. The 5 months bullish chart indicates low risk for the $276.63M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $24.97 price target is reached, the company will be worth $550.49M 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 1.44 million shares traded hands or 212.25% up from the average. Hudson Technologies, Inc. (NASDAQ:HDSN) has risen 121.87% since April 19, 2016 and is uptrending. It has outperformed by 118.01% 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 2.41 in 2016 Q2. Its up 0.95, from 1.46 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.
Blackrock Fund Advisors holds 72,995 shares or 0% of its portfolio. Walleye Trading Ltd Liability has 0% invested in the company for 9,500 shares. Perritt Capital Inc holds 1.70M shares or 1.61% of its portfolio. Blair William & Il holds 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN) for 126,288 shares. Blackrock Institutional Co Na holds 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN) for 29,887 shares. Geode Capital Mgmt Lc has 126,344 shares for 0% of their US portfolio. Dimensional Fund Advsrs Ltd Partnership accumulated 475,698 shares or 0% of the stock. Coe Cap Mngmt Lc last reported 0% of its portfolio in the stock. Boothbay Fund Ltd Llc holds 0.02% or 12,532 shares in its portfolio. Moreover, Vnbtrust Natl Association has 0.83% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 395,471 shares. Fny Managed Accounts Lc has 0% invested in the company for 10,000 shares. Royal National Bank & Trust Of Canada has invested 0% of its portfolio in Hudson Technologies, Inc. (NASDAQ:HDSN). Moreover, Bard has 1.27% invested in Hudson Technologies, Inc. (NASDAQ:HDSN) for 668,300 shares. Granahan Invest Management Inc Ma has 1.48M shares for 0.19% of their US portfolio. Vanguard Gru accumulated 751,974 shares or 0% of the stock.

Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 10 sales for $5.69 million net activity. MANDRACCHIA STEPHEN P sold $140,527 worth of stock. $34,750 worth of Hudson Technologies, Inc. (NASDAQ:HDSN) was sold by MORCH OTTO C on Friday, August 12. On Tuesday, August 9 COLEMAN BRIAN F sold $881,859 worth of the stock or 178,514 shares. ZUGIBE KEVIN J also sold $2.91M worth of Hudson Technologies, Inc. (NASDAQ:HDSN) on Friday, August 5. Krishnamurti Nat had sold 5,218 shares worth $31,673. 21,200 shares were sold by Parrillo Richard, worth $104,435 on Friday, August 5.

More news for Hudson Technologies, Inc. (NASDAQ:HDSN) were recently published by: Marketwatch.com, which released: “Hudson Technologies shares surge on $400 million DoD contract” on July 18, 2016. Businesswire.com‘s article titled: “Hudson Technologies Announces Retirement of James R. Buscemi, Vice President …” and published on May 18, 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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