Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $12.40 Average PT from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.40.

Several research firms recently weighed in on HDSN. Canaccord Genuity Group reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a research note on Thursday, May 2nd. B. Riley cut their price objective on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $10.00 in a research report on Thursday, May 2nd. Roth Mkm dropped their price target on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Craig Hallum reduced their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd.

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $8.75 on Friday. The stock has a 50-day simple moving average of $9.54 and a two-hundred day simple moving average of $11.65. Hudson Technologies has a 52-week low of $7.90 and a 52-week high of $15.24. The firm has a market capitalization of $398.21 million, a PE ratio of 8.93, a P/E/G ratio of 0.40 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $65.25 million for the quarter, compared to analysts’ expectations of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 21.59%. During the same quarter in the previous year, the company earned $0.33 EPS. Equities analysts forecast that Hudson Technologies will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Hudson Technologies

In other Hudson Technologies news, Director Vincent P. Abbatecola sold 10,000 shares of Hudson Technologies stock in a transaction on Friday, June 14th. The shares were sold at an average price of $9.20, for a total transaction of $92,000.00. Following the completion of the transaction, the director now directly owns 159,341 shares of the company’s stock, valued at $1,465,937.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in shares of Hudson Technologies by 417.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 5,610 shares during the period. Virtu Financial LLC bought a new position in Hudson Technologies in the first quarter worth approximately $114,000. Paradice Investment Management LLC purchased a new stake in Hudson Technologies during the fourth quarter worth $154,000. Sequoia Financial Advisors LLC bought a new stake in Hudson Technologies during the 1st quarter valued at $126,000. Finally, Arizona State Retirement System purchased a new position in shares of Hudson Technologies in the 4th quarter valued at $154,000. 71.34% of the stock is currently owned by institutional investors.

About Hudson Technologies

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.