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

Hudson Technologies, Inc. (NASDAQ:HDSNGet Free Report) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.85.

A number of analysts have recently commented on the company. B. Riley restated a “neutral” rating and issued 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 cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $12.00 to $7.00 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 report on Tuesday, November 5th. Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group dropped 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.

Check Out Our Latest Research Report on Hudson Technologies

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors have recently bought and sold shares of HDSN. Koss Olinger Consulting LLC lifted its position in shares of Hudson Technologies by 3.6% in the third quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,513 shares in the last quarter. Rhumbline Advisers raised its stake in Hudson Technologies by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock valued at $624,000 after purchasing an additional 1,770 shares during the last quarter. West Tower Group LLC purchased a new position in Hudson Technologies in the 3rd quarter valued at $28,000. nVerses Capital LLC purchased a new position in Hudson Technologies in the 3rd quarter valued at $28,000. Finally, FMR LLC boosted its stake in Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 3,502 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $5.90 on Monday. 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 $266.67 million, a PE ratio of 9.08, a P/E/G ratio of 0.49 and a beta of 1.11. The stock’s 50-day simple moving average is $5.78 and its 200-day simple moving average is $7.19.

Hudson Technologies (NASDAQ:HDSNGet Free Report) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 12.74%. During the same period last year, the firm posted $0.34 EPS. Sell-side analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current year.

About Hudson Technologies

(Get Free Report

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.

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Analyst Recommendations for Hudson Technologies (NASDAQ:HDSN)

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