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

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8.8750.

A number of research analysts have commented on the company. Roth Mkm reduced their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, March 6th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. B. Riley Financial reduced their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

Insider Transactions at Hudson Technologies

In other Hudson Technologies news, Director Alan Sheriff purchased 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $4.88 per share, for a total transaction of $25,376.00. Following the completion of the purchase, the director owned 9,265 shares in the company, valued at $45,213.20. The trade was a 127.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey R. Feeler purchased 5,100 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the purchase, the director owned 9,165 shares of the company’s stock, valued at approximately $45,091.80. This represents a 125.46% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 32,850 shares of company stock worth $161,120. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in shares of Hudson Technologies in the fourth quarter worth about $28,000. Nkcfo LLC acquired a new position in shares of Hudson Technologies in the third quarter worth about $47,000. Quarry LP lifted its stake in shares of Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,805 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Hudson Technologies in the fourth quarter worth about $62,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 5,576 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of HDSN opened at $5.76 on Tuesday. The stock’s 50-day moving average is $5.63 and its two-hundred day moving average is $6.44. The stock has a market cap of $242.32 million, a PE ratio of 18.58 and a beta of 0.81. Hudson Technologies has a 12 month low of $4.64 and a 12 month high of $10.52.

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

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.