Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) Target Price at $7.50

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given an average recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.50.

Separately, Canaccord Genuity Group reduced their price objective on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating for the company in a research note on Monday, March 10th.

Hedge Funds Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently bought and sold shares of HDSN. West Tower Group LLC acquired a new stake in shares of Hudson Technologies during the third quarter worth approximately $28,000. Quarry LP boosted its stake in shares of Hudson Technologies by 901.1% during the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after buying an additional 4,208 shares during the period. FMR LLC boosted its stake in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock valued at $39,000 after buying an additional 3,502 shares during the period. State of Wyoming purchased a new position in shares of Hudson Technologies during the 4th quarter valued at $53,000. Finally, RPO LLC acquired a new position in shares of Hudson Technologies in the fourth quarter worth $62,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Up 1.7 %

Shares of NASDAQ HDSN opened at $6.05 on Monday. Hudson Technologies has a 12 month low of $5.17 and a 12 month high of $12.22. The company has a market cap of $273.45 million, a price-to-earnings ratio of 9.31, a P/E/G ratio of 0.49 and a beta of 1.12. The business has a fifty day simple moving average of $5.82 and a 200-day simple moving average of $6.57.

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.