Hudson Technologies (NASDAQ:HDSN) Price Target Lowered to $9.50 at B. Riley Financial

Hudson Technologies (NASDAQ:HDSN) had its target price cut by research analysts at B. Riley Financial from $10.50 to $9.50 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. B. Riley Financial’s price target would indicate a potential upside of 46.38% from the company’s current price.

A number of other brokerages have also commented on HDSN. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Thursday, November 6th. Canaccord Genuity Group reduced their price objective on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.50.

Hudson Technologies Price Performance

NASDAQ HDSN traded down $0.61 on Thursday, reaching $6.49. 507,664 shares of the company’s stock traded hands, compared to its average volume of 241,265. The stock has a market cap of $279.07 million, a PE ratio of 12.98 and a beta of 0.92. Hudson Technologies has a 12 month low of $5.11 and a 12 month high of $10.52. The stock has a 50-day simple moving average of $7.22 and a 200 day simple moving average of $8.15.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). Hudson Technologies had a net margin of 9.60% and a return on equity of 8.97%. The company had revenue of $44.41 million during the quarter, compared to the consensus estimate of $38.12 million. As a group, analysts anticipate that Hudson Technologies will post 0.55 EPS for the current year.

Institutional Trading of Hudson Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Westerly Capital Management LLC lifted its stake in Hudson Technologies by 34.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock worth $17,468,000 after purchasing an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hudson Technologies by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,043,151 shares of the industrial products company’s stock worth $13,996,000 after buying an additional 33,670 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Hudson Technologies by 102.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,111,803 shares of the industrial products company’s stock valued at $9,028,000 after buying an additional 563,899 shares during the last quarter. American Century Companies Inc. grew its holdings in Hudson Technologies by 23.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,754 shares of the industrial products company’s stock valued at $8,711,000 after buying an additional 204,695 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Hudson Technologies by 7.2% in the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after acquiring an additional 39,654 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.