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

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned an average rating of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.3333.

A number of analysts recently commented on the stock. Canaccord Genuity Group dropped their price target on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Wall Street Zen raised Hudson Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research note on Wednesday, October 8th. Zacks Research cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Thursday, November 6th.

Institutional Trading of Hudson Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nkcfo LLC bought a new position in shares of Hudson Technologies during the third quarter valued at approximately $47,000. Quarry LP grew its stake in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after buying an additional 1,805 shares during the last quarter. GAMMA Investing LLC increased its position in Hudson Technologies by 30.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,487 shares of the industrial products company’s stock valued at $53,000 after buying an additional 1,517 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Hudson Technologies by 177.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after buying an additional 5,576 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $7.63 on Friday. The company has a market capitalization of $332.67 million, a P/E ratio of 15.26 and a beta of 0.80. The business has a fifty day simple moving average of $8.24 and a two-hundred day simple moving average of $8.57. Hudson Technologies has a 1 year low of $5.11 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $74.01 million for the quarter, compared to analysts’ expectations of $72.15 million. Hudson Technologies had a return on equity of 8.97% and a net margin of 9.60%. As a group, analysts anticipate that Hudson Technologies will post 0.55 earnings per share for the current year.

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.