Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.25.

Several brokerages have commented on HDSN. B. Riley cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $8.50 to $10.00 in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Roth Capital set a $11.00 target price on shares of Hudson Technologies and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of Hudson Technologies (HDSN) opened at $5.51 on Thursday. The company has a market cap of $228.27, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. Hudson Technologies has a one year low of $5.40 and a one year high of $10.40.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $25.00 million. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The business’s quarterly revenue was down 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. analysts expect that Hudson Technologies will post 0.3 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Hudson Technologies during the 2nd quarter valued at about $107,000. Sheaff Brock Investment Advisors LLC raised its position in shares of Hudson Technologies by 20.8% during the 2nd 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 in the last quarter. Gotham Asset Management LLC raised its position in shares of Hudson Technologies by 25.0% during the 2nd quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after buying an additional 2,994 shares in the last quarter. Optimum Investment Advisors raised its position in shares of Hudson Technologies by 14.8% during the 2nd quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock valued at $131,000 after buying an additional 2,000 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of Hudson Technologies during the 2nd quarter valued at about $131,000. Hedge funds and other institutional investors own 76.15% of the company’s stock.

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Hudson Technologies Company Profile

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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