B. Riley Initiates Coverage on Hudson Technologies to Buy

B. Riley Initiates Coverage on Hudson Technologies(NASDAQ:HDSN). The shares have been rated Buy. The rating by B. Riley was issued on Apr 12, 2016.

Hudson Technologies (HDSN) made into the market gainers list on Fridays trading session with the shares advancing 2.59% or 0.09 points. Due to strong positive momentum, the stock ended at $3.56, which is also near the day’s high of $3.61. The stock began the session at $3.48 and the volume stood at 30,641 shares. The 52-week high of the shares is $4.75 and the 52 week low is $2.45. The company has a current market capitalization of $117 M and it has 3,28,48,617 shares in outstanding.

Hudson Technologies(HDSN) last announced its earnings results on Mar 2, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $7.30M. Analysts had an estimated revenue of $6.05M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.02.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, James R Buscemi (Vice President Chief Financial) sold 6,250 shares at $3.52 per share price.Also, On May 12, 2015, Richard Parrillo (director) purchased 100,000 shares at $3.96 per share price.On May 8, 2015, Charles F Harkins (Vice President Sales) sold 45,429 shares at $3.87 per share price, according to the Form-4 filing with the securities and exchange commission.

Hudson Technologies Inc. (Hudson) is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. The Company’s products and services are primarily used in commercial air conditioning industrial processing and refrigeration systems and include refrigerant sales; refrigerant management services and RefrigerantSide Services performed at a customer’s site consisting of system decontamination to remove moisture oils and other contaminants. In addition RefrigerantSide services include predictive and diagnostic services for industrial and commercial refrigeration applications. Its Chiller Chemistry Chill Smart Fluid Chemistry and Performance Optimization are predictive and diagnostic service offerings. The Company also participates in the generation of carbon offset projects. The Company also delivers global energy services (GES) offerings to industrial and commercial companies both in the United States and internationally.

Leave a Reply

Hudson Technologies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hudson Technologies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.