Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Average Rating of “Hold” from Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.00.

HDSN has been the subject of a number of recent research reports. B. Riley Financial reduced their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Roth Mkm dropped their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Canaccord Genuity Group lowered their price objective on Hudson Technologies from $10.00 to $9.50 and set a “buy” rating on the stock in a research report on Friday, March 6th.

Hedge Funds Weigh In On Hudson Technologies

Several large investors have recently made changes to their positions in HDSN. State of Alaska Department of Revenue acquired a new stake in Hudson Technologies during the fourth quarter valued at $28,000. Nkcfo LLC acquired a new position in shares of Hudson Technologies in the third quarter worth about $47,000. Quarry LP raised its position in shares of Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,805 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Hudson Technologies during the 4th quarter worth about $62,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 5,576 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $5.76 on Friday. The company’s fifty day moving average price is $7.09 and its 200-day moving average price is $7.97. Hudson Technologies has a 1-year low of $5.11 and a 1-year high of $10.52. The firm has a market capitalization of $247.68 million, a P/E ratio of 16.00 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). Hudson Technologies had a net margin of 6.76% and a return on equity of 7.78%. The business had revenue of $44.41 million for the quarter, compared to analyst estimates of $38.12 million. Equities analysts anticipate that Hudson Technologies will post 0.55 EPS for the current fiscal year.

About Hudson Technologies

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.