Hudson Technologies, Inc. (NASDAQ:HDSN) Given Consensus Recommendation of “Hold” by Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Six equities 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.

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

Hudson Technologies Trading Up 4.4 %

Shares of HDSN opened at $5.98 on Wednesday. Hudson Technologies has a 12-month low of $5.35 and a 12-month high of $15.24. The firm has a 50-day moving average price of $7.71 and a 200 day moving average price of $8.41. The firm has a market capitalization of $272.22 million, a P/E ratio of 9.20, a P/E/G ratio of 0.34 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. During the same quarter last year, the firm posted $0.34 earnings per share. Equities research analysts predict that Hudson Technologies will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Hedge funds have recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in Hudson Technologies in the first quarter valued at approximately $1,652,000. Russell Investments Group Ltd. raised its holdings in Hudson Technologies by 240,800.0% in the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock valued at $637,000 after acquiring an additional 57,792 shares in the last quarter. Sixth Street Partners Management Company L.P. raised its holdings in Hudson Technologies by 30.0% in the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after acquiring an additional 300,000 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Hudson Technologies in the second quarter valued at approximately $687,000. Finally, Dimensional Fund Advisors LP raised its holdings in Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after acquiring an additional 364,117 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.