HDSN Stock Summary and Trading Ideas (Hudson Technologies | NASDAQ:HDSN)

Hudson Technologies Inc is an American industrial products manufacturer. It develops products which are mainly used in commercial air conditioning, industrial processing, and refrigeration systems. The company products include refrigerant and industrial gases, refrigerant management services and RefrigerantSide services, which consist of system decontamination. These are performed at a customer's site using its Zugibeast system, which is a fast and portable system and allows the R-Side services team to accelerate critical services while saving customers time, money and aggravation. The company also owns a web-based real-time monitoring service which is used in the facility's refrigeration systems and other energy systems.

Hudson Technologies trades on the NASDAQ stock market under the symbol HDSN.

As of April 17, 2024, HDSN stock price climbed to $10.45 with 613,281 million shares trading.

HDSN has a beta of 0.04, meaning it tends to be less sensitive to market movements. HDSN has a correlation of 0.00 to the broad based SPY ETF.

HDSN has a market cap of $475.50 million. This is considered a Small Cap stock.

Last quarter Hudson Technologies reported $45 million in Revenue and $.08 earnings per share. This beat revenue expectation by $5 million and met earnings estimates .

In the last 3 years, HDSN stock traded as high as $15.24 and as low as $1.83.

The top ETF exchange traded funds that HDSN belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

HDSN has outperformed the market in the last year with a return of +25.5%, while the SPY ETF gained +22.5%. However, in the most recent history, HDSN shares have underperformed the stock market with its stock returning -17.1% in the last 3 month period and -7.8% for the last 2 week period, while SPY has returned +6.3% and -3.6%, respectively.

HDSN support price is $10.11 and resistance is $10.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HDSN stock will trade within this expected range on the day.