Hudson Technologies, Inc. (NASDAQ:HDSN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.85.

A number of research firms have recently issued reports on HDSN. B. Riley reiterated a “neutral” rating and set a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Canaccord Genuity Group decreased their target price on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $10.00 to $7.00 in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Hudson Technologies during the 3rd quarter worth about $28,000. West Tower Group LLC acquired a new stake in Hudson Technologies during the third quarter worth approximately $28,000. Quarry LP grew its stake in Hudson Technologies by 901.1% in the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 4,208 shares during the period. FMR LLC grew its stake in Hudson Technologies by 299.8% in the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 3,502 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in Hudson Technologies in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

HDSN opened at $5.34 on Thursday. Hudson Technologies has a 12 month low of $5.17 and a 12 month high of $15.24. The stock has a market capitalization of $241.36 million, a P/E ratio of 8.22, a P/E/G ratio of 0.36 and a beta of 1.13. The business has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $7.64.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. During the same quarter last year, the company earned $0.34 earnings per share. Research analysts anticipate that Hudson Technologies will post 0.55 EPS for the current year.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.