For its second fiscal quarter (ending June 30), Hudson Technologies Inc (NASDAQ: HDSN) has reported a -50% decline in E.P.S. from $0.42 a year ago to $0.21 in the current quarter. This performance was $-0.05 short of the consensus estimate of $0.25. E.P.S. were $0.81 for the latest four quarters through June 30 versus $1.53 for the same period a year ago — a decline of -47%.
Recent Price Action
Hudson Technologies Inc (NASDAQ: HDSN) stock declined slightly by -0.8% on 8/6/24. The stock closed at $7.54. Moreover, this decline was accompanied by unusually high trading volume at 157% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -14.7% during the last week.
Current PriceTarget Research Rating
HDSN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Hudson Technologies has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hudson Technologies has a slightly positive Appreciation Score of 66 but a very low Power Rating of 9, leading to the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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