Hudson Technologies (NASDAQ:HDSN) Cut to Hold at Roth Capital

Hudson Technologies (NASDAQ:HDSN - Get Free Report) was downgraded by research analysts at Roth Capital from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks.com reports.

Several other research analysts have also recently weighed in on HDSN. Canaccord Genuity Group lowered their target price on Hudson Technologies from $8.75 to $8.00 and set a "hold" rating on the stock in a report on Tuesday. B. Riley restated a "neutral" rating and set a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a report on Tuesday. Craig Hallum cut Hudson Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the company from $10.00 to $7.00 in a report on Tuesday. Finally, Roth Mkm cut Hudson Technologies from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $12.00 to $7.00 in a report on Tuesday. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.85.

Hudson Technologies Price Performance

HDSN stock traded down $0.04 during trading on Tuesday, hitting $5.88. The stock had a trading volume of 1,788,245 shares, compared to its average volume of 476,545. Hudson Technologies has a twelve month low of $5.35 and a twelve month high of $15.24. The stock has a market capitalization of $267.66 million, a P/E ratio of 7.69, a PEG ratio of 0.42 and a beta of 1.22. The company's 50-day moving average price is $7.93 and its two-hundred day moving average price is $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 company had revenue of $61.94 million for the quarter, compared to analysts' expectations of $64.92 million. Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. During the same period in the previous year, the firm posted $0.34 EPS. As a group, sell-side analysts expect that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hudson Technologies

Several institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new stake in Hudson Technologies during the 1st quarter worth $126,000. BNP Paribas Financial Markets grew its position in shares of Hudson Technologies by 37.3% during the 1st quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company's stock valued at $239,000 after buying an additional 5,894 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Hudson Technologies by 22.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company's stock valued at $824,000 after buying an additional 13,732 shares during the last quarter. GSA Capital Partners LLP bought a new position in Hudson Technologies in the 1st quarter worth about $819,000. Finally, Russell Investments Group Ltd. grew its position in Hudson Technologies by 240,800.0% in the 1st quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company's stock worth $637,000 after purchasing an additional 57,792 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.