Hudson Technologies (NASDAQ:HDSN - Free Report) had its target price lowered by Canaccord Genuity Group from $8.00 to $6.25 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the industrial products company's stock.
Hudson Technologies Stock Performance
Hudson Technologies stock traded down $0.12 during trading on Monday, reaching $5.95. 524,522 shares of the company's stock were exchanged, compared to its average volume of 501,556. The company's 50-day moving average is $5.81 and its two-hundred day moving average is $6.57. Hudson Technologies has a 52-week low of $5.17 and a 52-week high of $12.22. The firm has a market cap of $268.93 million, a price-to-earnings ratio of 9.15, a PEG ratio of 0.49 and a beta of 1.12.
Institutional Investors Weigh In On Hudson Technologies
Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in Hudson Technologies by 13.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 418,740 shares of the industrial products company's stock valued at $2,337,000 after purchasing an additional 51,100 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Hudson Technologies during the 4th quarter valued at approximately $185,000. Two Sigma Advisers LP grew its position in shares of Hudson Technologies by 147.8% during the fourth quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company's stock worth $1,308,000 after buying an additional 139,800 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Hudson Technologies by 332.9% in the fourth quarter. Two Sigma Investments LP now owns 361,978 shares of the industrial products company's stock worth $2,020,000 after buying an additional 278,352 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Hudson Technologies in the fourth quarter valued at $53,000. 71.34% of the stock is owned by institutional investors and hedge funds.
Hudson Technologies Company Profile
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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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