Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $7.85 Average PT from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $7.85.

A number of analysts have weighed in on HDSN shares. Roth Mkm downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Canaccord Genuity Group decreased their target price on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. B. Riley reissued a “neutral” rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Finally, Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th.

Hudson Technologies Stock Performance

Hudson Technologies stock opened at $5.58 on Thursday. Hudson Technologies has a 52 week low of $5.17 and a 52 week high of $15.24. The firm has a market capitalization of $252.22 million, a PE ratio of 8.58, a PEG ratio of 0.34 and a beta of 1.13. The business’s 50-day simple moving average is $6.08 and its 200-day simple moving average is $7.50.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. During the same period in the previous year, the business posted $0.34 EPS. Research analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. West Tower Group LLC acquired a new position in Hudson Technologies during the third quarter worth $28,000. nVerses Capital LLC acquired a new stake in shares of Hudson Technologies during the 3rd quarter worth about $28,000. FMR LLC lifted its holdings in Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 3,502 shares during the last quarter. Quarry LP boosted its position in Hudson Technologies by 901.1% in the third quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after buying an additional 4,208 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Hudson Technologies during the second quarter worth about $55,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

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.