Hudson Technologies (NASDAQ:HDSN) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Hudson Technologies (NASDAQ:HDSN) from a buy rating to a hold rating in a research note published on Saturday morning.

HDSN has been the subject of several other research reports. Roth Mkm reduced their price objective on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Friday, March 6th. B. Riley Financial dropped their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.00.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $6.01 on Friday. Hudson Technologies has a 1-year low of $5.11 and a 1-year high of $10.52. The business’s fifty day moving average price is $6.96 and its two-hundred day moving average price is $7.77. The company has a market capitalization of $255.24 million, a P/E ratio of 16.69 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The business had revenue of $44.41 million during the quarter, compared to the consensus estimate of $38.12 million. Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%. On average, research analysts expect that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Hudson Technologies during the fourth quarter worth about $28,000. Nkcfo LLC acquired a new stake in Hudson Technologies in the 3rd quarter valued at about $47,000. Quarry LP lifted its holdings in Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Hudson Technologies during the 4th quarter valued at about $62,000. Finally, Tower Research Capital LLC TRC boosted its position 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 valued at $71,000 after purchasing an additional 5,576 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.