HDSN - Hudson Technologies: Why I Am Buying More During Market Turbulence
2024-05-07 13:39:24 ET
Summary
- Hudson Technologies shares dropped 13% after disappointing Q1 2024 financial results.
- The company's revenue was down, as well as its gross margin.
- Looking at Hudson's inventory, we don't see a troubling situation, but we actually may be before a golden opportunity for Hudson's future profits.
Hudson Shares Drop
Hudson Technologies ( HDSN ) reported Q1 2024 results and all eyes were on the Company's DLA contract revenue. So far, this year has not been fun for Hudson shareholders, with HDSN shares dropping 30%. More downside was added after the report, with the share price falling from $9.80 to $8.53 (-13%). Many investors are wondering what is going on, since 2024 should have been the year of Hudson's explosion, thanks to the strong tailwinds created by the AIM Ac t .
This is not the first time Hudson has seen a sell-off. After all, the stock's market cap is just $415 million, making it more volatile. And yet, in recent years, these sell-offs have created rewarding opportunities ....
Hudson Technologies: Why I Am Buying More During Market Turbulence