Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) PT at $7.50

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $7.50.

Separately, Canaccord Genuity Group reduced 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 report on Monday, March 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Hudson Technologies by 19.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company’s stock valued at $8,382,000 after buying an additional 246,000 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in 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 valued at $7,508,000 after buying an additional 993,833 shares in the last quarter. Westerly Capital Management LLC lifted its holdings in shares of Hudson Technologies by 25.6% in the fourth quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company’s stock worth $5,678,000 after acquiring an additional 207,580 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Hudson Technologies by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company’s stock valued at $5,558,000 after purchasing an additional 4,873 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 514,645 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

HDSN opened at $5.27 on Friday. The firm’s fifty day moving average price is $5.83 and its two-hundred day moving average price is $6.27. Hudson Technologies has a fifty-two week low of $5.11 and a fifty-two week high of $10.84. The company has a market capitalization of $232.01 million, a P/E ratio of 8.11, a P/E/G ratio of 0.49 and a beta of 1.03.

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.