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

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. Four investment 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 brokers that have updated their coverage on the stock in the last year is $8.8750.

Several brokerages recently commented on HDSN. Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. B. Riley Financial reduced their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Roth Mkm cut their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Weiss Ratings raised shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group cut their price target on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th.

Insider Activity

In other Hudson Technologies news, Director Alan Sheriff purchased 5,200 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $4.88 per share, with a total value of $25,376.00. Following the transaction, the director directly owned 9,265 shares of the company’s stock, valued at $45,213.20. This represents a 127.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey R. Feeler purchased 5,100 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $4.92 per share, for a total transaction of $25,092.00. Following the completion of the transaction, the director directly owned 9,165 shares in the company, valued at approximately $45,091.80. This represents a 125.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 32,850 shares of company stock worth $161,120 over the last three months. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. State of Alaska Department of Revenue bought a new stake in Hudson Technologies during the 4th quarter worth about $28,000. Nkcfo LLC bought a new stake in Hudson Technologies during the 3rd quarter worth about $47,000. Quarry LP lifted its position in Hudson Technologies by 51.9% during 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 in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Hudson Technologies in the 4th quarter valued at about $62,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares during the period. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Stock Performance

NASDAQ HDSN opened at $5.37 on Friday. The stock has a market capitalization of $225.92 million, a price-to-earnings ratio of 17.32 and a beta of 0.87. The stock’s 50 day moving average price is $5.77 and its two-hundred day moving average price is $6.60. Hudson Technologies has a 52 week low of $4.64 and a 52 week high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The firm had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. On average, equities research analysts forecast that Hudson Technologies will post 0.34 EPS for the current year.

Hudson Technologies Company Profile

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.