What Happened?

Shares of refrigerant services company Hudson Technologies (NASDAQ:HDSN) fell 21.2% in the morning session after the company reported weak third-quarter earnings that missed analysts' sales expectations. Management attributed the softness to ongoing pricing pressure on certain refrigerants throughout the 2024 cooling season. The weakness was also partly attributed to lower revenue from certain contracts. Overall, this was a weaker quarter.

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What The Market Is Telling Us

Hudson Technologies’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. Moves this big are rare for Hudson Technologies and indicate this news significantly impacted the market’s perception of the business.

Hudson Technologies is down 57.9% since the beginning of the year, and at $5.86 per share, it is trading 60.8% below its 52-week high of $14.96 from February 2024. Investors who bought $1,000 worth of Hudson Technologies’s shares 5 years ago would now be looking at an investment worth $8,493.

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