Hudson Technologies, Inc. (HDSN) Cut to Neutral at B. Riley
Hudson Technologies, Inc. (NASDAQ:HDSN) was downgraded by analysts at B. Riley to a “neutral” rating in a research report issued to clients and investors on Wednesday. They presently have a $10.00 target price on the industrial products company’s stock. B. Riley’s price objective would suggest a potential upside of 14.55% from the stock’s current price.
A number of other analysts also recently issued reports on HDSN. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Roth Capital set a $10.00 price target on Hudson Technologies and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded Hudson Technologies from a “c+” rating to a “b” rating in a research report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.50.
Hudson Technologies (NASDAQ HDSN) opened at 8.73 on Wednesday. The stock has a market capitalization of $363.49 million, a P/E ratio of 20.44 and a beta of 1.12. The company has a 50 day moving average of $8.59 and a 200 day moving average of $7.69. Hudson Technologies has a 52 week low of $5.21 and a 52 week high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $52.23 million during the quarter, compared to the consensus estimate of $46.34 million. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. Equities analysts expect that Hudson Technologies will post $0.41 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in HDSN. Bayesian Capital Management LP acquired a new stake in Hudson Technologies during the fourth quarter valued at $105,000. AXA acquired a new stake in Hudson Technologies during the first quarter valued at $106,000. SG Americas Securities LLC acquired a new stake in Hudson Technologies during the second quarter valued at $107,000. Airain ltd acquired a new stake in Hudson Technologies during the first quarter valued at $118,000. Finally, Sheaff Brock Investment Advisors LLC increased its stake in Hudson Technologies by 20.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 74.39% of the company’s stock.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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