Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Average Rating of "Hold" from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.85.

Several analysts recently issued reports on HDSN shares. Canaccord Genuity Group decreased their price objective on shares of Hudson Technologies from $8.75 to $8.00 and set a "hold" rating for the company in a report on Tuesday. 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 report on Tuesday. Roth Mkm downgraded shares of Hudson Technologies from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $12.00 to $7.00 in a report on Tuesday. Roth Capital downgraded shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, B. Riley reaffirmed a "neutral" rating and set a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a report on Tuesday.

Hedge Funds Weigh In On Hudson Technologies

Several large investors have recently bought and sold shares of HDSN. nVerses Capital LLC acquired a new position in Hudson Technologies during the 3rd quarter valued at $28,000. Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at $55,000. Quest Partners LLC raised its stake in shares of Hudson Technologies by 121.5% in the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company's stock valued at $69,000 after buying an additional 4,336 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at $96,000. Finally, Creative Planning acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at $106,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Down 0.7 %

HDSN stock traded down $0.04 during trading hours on Wednesday, hitting $5.88. The company's stock had a trading volume of 1,788,245 shares, compared to its average volume of 476,545. The company has a market capitalization of $267.66 million, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22. Hudson Technologies has a 12 month low of $5.35 and a 12 month high of $15.24. The stock has a 50 day moving average price of $7.93 and a two-hundred day moving average price of $8.58.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business 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 14.00% and a return on equity of 16.65%. During the same period in the prior year, the firm earned $0.34 EPS. Sell-side analysts expect that Hudson Technologies will post 0.58 earnings per share 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.