Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) Target Price at $7.50

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.50.

Separately, Canaccord Genuity Group decreased their price objective on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a report on Monday, March 10th.

Hudson Technologies Stock Down 3.5 %

HDSN stock opened at $5.45 on Friday. Hudson Technologies has a twelve month low of $5.11 and a twelve month high of $11.08. The company has a market cap of $239.94 million, a PE ratio of 8.38, a price-to-earnings-growth ratio of 0.49 and a beta of 1.03. The business’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $6.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Hudson Technologies by 299.8% in 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 period. Quarry LP boosted its stake in Hudson Technologies by 901.1% in the 3rd 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. State of Wyoming bought a new stake in Hudson Technologies in the fourth quarter valued at $53,000. Intech Investment Management LLC acquired a new position in Hudson Technologies during the third quarter worth $88,000. Finally, RPO LLC acquired a new position in Hudson Technologies during the fourth quarter worth $62,000. 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.