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

Roth Mkm downgraded shares of Hudson Technologies (NASDAQ:HDSN) from a buy rating to a neutral rating in a report released on Tuesday, Marketbeat.com reports. Roth Mkm currently has $7.00 price target on the industrial products company’s stock, down from their prior price target of $12.00.

A number of other equities analysts also recently issued reports on the company. Craig Hallum downgraded 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. B. Riley downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $8.50 in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.85.

Hudson Technologies Stock Performance

HDSN opened at $5.92 on Tuesday. The company’s 50-day simple moving average is $7.93 and its two-hundred day simple moving average is $8.58. The stock has a market capitalization of $269.48 million, a P/E ratio of 7.69, a P/E/G ratio of 0.42 and a beta of 1.22. Hudson Technologies has a 52-week low of $5.67 and a 52-week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share 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 company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Research analysts forecast that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new stake in Hudson Technologies during the first quarter valued at about $126,000. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 5,894 shares during the period. Janney Montgomery Scott LLC increased its holdings in Hudson Technologies by 22.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 13,732 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Hudson Technologies during the 1st quarter worth approximately $819,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Hudson Technologies by 240,800.0% in the first 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 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.