Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) Price Target at $9.00

Hudson Technologies, Inc. (NASDAQ:HDSN) has received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $8.8750.

A number of research analysts recently commented on HDSN shares. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Canaccord Genuity Group cut their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday. Roth Mkm cut their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Wall Street Zen lowered Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, B. Riley Financial cut their target price 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Hudson Technologies during the third quarter worth $1,704,000. Tudor Investment Corp ET AL acquired a new position in Hudson Technologies during the third quarter worth $2,058,000. KBC Group NV acquired a new position in Hudson Technologies during the fourth quarter worth $843,000. North Star Investment Management Corp. raised its stake in Hudson Technologies by 3.7% during the third quarter. North Star Investment Management Corp. now owns 170,075 shares of the industrial products company’s stock worth $1,689,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Hudson Technologies during the third quarter worth $130,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Trading Down 0.9%

Shares of NASDAQ HDSN opened at $5.25 on Monday. The business has a fifty day simple moving average of $6.19 and a 200 day simple moving average of $6.99. The firm has a market capitalization of $220.87 million, a price-to-earnings ratio of 16.94 and a beta of 0.87. Hudson Technologies has a one year low of $5.21 and a one year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.87%. On average, research analysts anticipate that Hudson Technologies will post 0.41 earnings per share for the current fiscal year.

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.