Hudson Technologies (NASDAQ:HDSN) Price Target Lowered to $6.25 at Canaccord Genuity Group

Hudson Technologies (NASDAQ:HDSN) had its price target cut by Canaccord Genuity Group from $8.00 to $6.25 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Canaccord Genuity Group’s target price points to a potential upside of 3.31% from the company’s current price.

Hudson Technologies Price Performance

Shares of HDSN stock opened at $6.05 on Monday. The company’s fifty day simple moving average is $5.79 and its two-hundred day simple moving average is $6.59. Hudson Technologies has a 1 year low of $5.17 and a 1 year high of $12.22. The stock has a market capitalization of $273.45 million, a price-to-earnings ratio of 9.31, a PEG ratio of 0.49 and a beta of 1.12.

Institutional Investors Weigh In On Hudson Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of HDSN. West Tower Group LLC bought a new position in shares of Hudson Technologies in the third quarter worth $28,000. Quarry LP raised its position in shares of Hudson Technologies by 901.1% in the third quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock worth $39,000 after buying an additional 4,208 shares in the last quarter. FMR LLC raised its position in shares of Hudson Technologies by 299.8% in the third quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after buying an additional 3,502 shares in the last quarter. State of Wyoming purchased a new stake in shares of Hudson Technologies in the fourth quarter worth $53,000. Finally, RPO LLC purchased a new stake in shares of Hudson Technologies in 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.