Hudson Technologies, Inc. (NASDAQ:HDSN) Given Consensus Rating of "Hold" by Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has earned an average recommendation of "Hold" from the six research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.85.

HDSN has been the subject of a number of recent analyst reports. B. Riley reiterated a "neutral" rating and issued a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Roth Mkm lowered shares of Hudson Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Roth Capital downgraded shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a "buy" rating to a "hold" rating and reduced their price target for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group dropped their price objective on Hudson Technologies from $8.75 to $8.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th.

Hudson Technologies Stock Performance

NASDAQ:HDSN traded up $0.07 on Thursday, hitting $5.41. 294,775 shares of the stock were exchanged, compared to its average volume of 513,010. Hudson Technologies has a 52 week low of $5.17 and a 52 week high of $15.24. The stock has a market capitalization of $244.53 million, a price-to-earnings ratio of 8.32, a P/E/G ratio of 0.36 and a beta of 1.13. The company's 50-day moving average price is $6.29 and its 200 day moving average price is $7.62.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $61.94 million for 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 in the prior year, the business posted $0.34 earnings per share. As a group, equities research analysts predict that Hudson Technologies will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Technologies

A number of large investors have recently bought and sold shares of HDSN. Bank of New York Mellon Corp lifted its position in Hudson Technologies by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 184,712 shares of the industrial products company's stock worth $1,624,000 after buying an additional 15,392 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Hudson Technologies by 10.3% during the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company's stock worth $253,000 after acquiring an additional 2,673 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Hudson Technologies during the second quarter valued at approximately $687,000. Rhumbline Advisers boosted its position in Hudson Technologies by 2.6% during the second 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. Finally, Foundry Partners LLC grew its stake in Hudson Technologies by 39.3% in the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company's stock valued at $8,280,000 after purchasing an additional 265,825 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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.