Canaccord Genuity Group Has Lowered Expectations for Hudson Technologies (NASDAQ:HDSN) Stock Price

Hudson Technologies (NASDAQ:HDSN) had its price target cut by stock analysts at Canaccord Genuity Group from $8.00 to $6.25 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 3.31% from the company’s previous close.

Hudson Technologies Stock Up 4.0 %

Shares of NASDAQ HDSN opened at $6.05 on Monday. Hudson Technologies has a twelve month low of $5.17 and a twelve month high of $12.22. The stock’s 50 day moving average price is $5.79 and its 200-day moving average price is $6.59. The company has a market capitalization of $273.45 million, a PE ratio of 9.31, a PEG ratio of 0.49 and a beta of 1.12.

Hedge Funds Weigh In On Hudson Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of HDSN. Creative Planning purchased a new position in shares of Hudson Technologies in the 3rd quarter worth approximately $106,000. Atria Investments Inc lifted its stake in Hudson Technologies by 24.1% in the third quarter. Atria Investments Inc now owns 29,951 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 5,823 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Hudson Technologies in the third quarter valued at approximately $186,000. New South Capital Management Inc. lifted its stake in Hudson Technologies by 2.1% in the third quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock valued at $11,202,000 after purchasing an additional 27,576 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Hudson Technologies in the third quarter valued at approximately $132,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

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.