Hudson Technologies (NASDAQ:HDSN) Receives Neutral Rating from B. Riley

B. Riley restated their neutral rating on shares of Hudson Technologies (NASDAQ:HDSN - Free Report) in a research report released on Tuesday, Benzinga reports. They currently have a $7.25 price target on the industrial products company's stock, down from their previous price target of $8.50.

A number of other research analysts have also issued reports on the stock. Craig Hallum lowered shares of Hudson Technologies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $10.00 to $7.00 in a research note on Tuesday. Roth Mkm lowered shares of Hudson Technologies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $12.00 to $7.00 in a research note on Tuesday. Finally, 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. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hudson Technologies currently has an average rating of "Hold" and a consensus price target of $7.85.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN traded down $1.67 during mid-day trading on Tuesday, hitting $5.92. The stock had a trading volume of 3,514,097 shares, compared to its average volume of 470,287. The company has a 50 day moving average of $7.98 and a two-hundred day moving average of $8.61. Hudson Technologies has a twelve month low of $5.67 and a twelve month high of $15.24. The firm has a market cap of $269.48 million, a PE ratio of 7.82, a PEG ratio of 0.42 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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 14.00% and a return on equity of 16.65%. During the same period last year, the company posted $0.34 EPS. Equities research analysts predict that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Large investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at approximately $28,000. Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies in the second quarter valued at $55,000. Quest Partners LLC raised its stake in shares of Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 4,336 shares in the last quarter. Virtu Financial LLC acquired a new position in Hudson Technologies during the first quarter worth $114,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Hudson Technologies during the first quarter worth $126,000. Institutional investors own 71.34% of the company's stock.

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.