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

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been given an average rating of “Hold” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.3333.

HDSN has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research report on Thursday, November 6th. Canaccord Genuity Group cut their target price on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 11th.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $7.24 on Wednesday. The company’s fifty day moving average is $7.22 and its 200-day moving average is $8.33. Hudson Technologies has a 52 week low of $5.11 and a 52 week high of $10.52. The company has a market capitalization of $311.32 million, a PE ratio of 14.48 and a beta of 0.91.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Hudson Technologies by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 1,247 shares during the last quarter. CWM LLC raised its holdings in Hudson Technologies by 13.7% in the third quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 1,696 shares during the period. Quarry LP boosted its position in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,805 shares in the last quarter. Graham Capital Management L.P. boosted its position in shares of Hudson Technologies by 9.7% during the fourth quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 3,256 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Hudson Technologies by 88.3% in the 3rd 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 in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.