Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $7.85 Average Target Price from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.85.

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

Hudson Technologies Trading Down 0.2 %

NASDAQ:HDSN opened at $5.90 on Monday. The company has a market cap of $266.67 million, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.49 and a beta of 1.11. Hudson Technologies has a twelve month low of $5.17 and a twelve month high of $15.24. The stock has a fifty day simple moving average of $5.78 and a 200-day simple moving average of $7.19.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same quarter last year, the business posted $0.34 EPS. As a group, equities research analysts predict that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of Hudson Technologies by 50.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 18,344 shares in the last quarter. SG Americas Securities LLC raised its stake in Hudson Technologies by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company’s stock valued at $160,000 after buying an additional 9,319 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Hudson Technologies in the fourth quarter valued at about $1,612,000. JPMorgan Chase & Co. grew its stake in shares of Hudson Technologies by 69.7% during the third quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock worth $2,824,000 after acquiring an additional 139,042 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Hudson Technologies in the 3rd quarter valued at approximately $373,000. Institutional investors own 71.34% of the company’s stock.

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.