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

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.50.

Separately, Canaccord Genuity Group dropped their price target on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research note on Monday, March 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its stake in shares of Hudson Technologies by 282.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company’s stock worth $7,508,000 after purchasing an additional 993,833 shares during the period. JPMorgan Chase & Co. grew its holdings in Hudson Technologies by 152.0% in the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock valued at $4,761,000 after buying an additional 514,645 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Hudson Technologies in the 4th quarter worth approximately $1,733,000. 683 Capital Management LLC increased its position in Hudson Technologies by 89.4% in the 4th quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company’s stock worth $3,548,000 after buying an additional 300,110 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Hudson Technologies during the fourth quarter worth approximately $1,612,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $6.05 on Monday. The company has a market capitalization of $273.45 million, a P/E ratio of 9.31, a P/E/G ratio of 0.49 and a beta of 1.12. The stock’s 50 day moving average price is $5.82 and its 200 day moving average price is $6.57. Hudson Technologies has a 52 week low of $5.17 and a 52 week high of $12.22.

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.