Hudson Technologies (NASDAQ:HDSN) Lowered to Neutral Rating by Roth Mkm

Roth Mkm cut shares of Hudson Technologies (NASDAQ:HDSN - Free Report) from a buy rating to a neutral rating in a research report released on Tuesday morning, MarketBeat.com reports. The firm currently has $7.00 target price on the industrial products company's stock, down from their previous target price of $12.00.

Several other analysts have also issued reports on the stock. B. Riley lowered shares of Hudson Technologies from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $10.00 to $8.50 in a research note on Wednesday, October 30th. Craig Hallum lowered shares of 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 research note on Tuesday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, Hudson Technologies has an average rating of "Hold" and a consensus target price of $7.85.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN traded down $1.67 during trading on Tuesday, reaching $5.92. 3,522,292 shares of the stock were exchanged, compared to its average volume of 470,325. Hudson Technologies has a 1-year low of $5.67 and a 1-year high of $15.24. The stock has a fifty day moving average of $7.98 and a two-hundred day moving average of $8.61. The firm has a market cap of $269.48 million, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The firm had revenue of $61.94 million during the quarter, compared to analysts' expectations of $64.92 million. During the same period last year, the company earned $0.34 earnings per share. Sell-side analysts forecast that Hudson Technologies will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently modified their holdings of HDSN. New South Capital Management Inc. purchased a new stake in Hudson Technologies during the 2nd quarter valued at approximately $11,564,000. Lazard Asset Management LLC purchased a new stake in shares of Hudson Technologies in the first quarter valued at $4,549,000. Dimensional Fund Advisors LP raised its position in Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company's stock worth $17,747,000 after purchasing an additional 364,117 shares during the period. Foundry Partners LLC lifted its stake in shares of Hudson Technologies by 81.0% during the 1st quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company's stock worth $7,444,000 after acquiring an additional 302,529 shares during the last quarter. Finally, Sixth Street Partners Management Company L.P. boosted its stake in shares of Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company's stock valued at $11,427,000 after purchasing an additional 300,000 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Company Profile

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.