Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Consensus Rating of “Hold” from Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $7.85.

Several equities analysts recently commented on HDSN shares. B. Riley reissued a “neutral” rating and issued a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating 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 for the company in a research note on Tuesday, November 5th. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th.

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. Dimensional Fund Advisors LP increased its position in Hudson Technologies by 22.0% in the 2nd 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 during the period. New South Capital Management Inc. raised its stake in shares of Hudson Technologies by 2.1% during the third quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock worth $11,202,000 after purchasing an additional 27,576 shares during the last quarter. Sixth Street Partners Management Company L.P. lifted its holdings in shares of Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after purchasing an additional 300,000 shares during the period. Geode Capital Management LLC grew its position in Hudson Technologies by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 990,856 shares of the industrial products company’s stock valued at $8,265,000 after buying an additional 10,707 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in Hudson Technologies by 39.3% in the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock valued at $8,280,000 after buying an additional 265,825 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock opened at $5.34 on Thursday. Hudson Technologies has a fifty-two week low of $5.17 and a fifty-two week high of $15.24. The firm has a market capitalization of $241.36 million, a price-to-earnings ratio of 8.22, a PEG ratio of 0.36 and a beta of 1.13. The stock has a 50 day moving average of $6.35 and a 200 day moving average of $7.64.

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

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.