Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Average Rating of “Hold” from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $9.00.

Several brokerages recently weighed in on HDSN. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Canaccord Genuity Group cut their price objective on shares of Hudson Technologies from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Friday, March 6th. Roth Mkm reduced their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Wall Street Zen downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, B. Riley Financial dropped their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th.

Hedge Funds Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. Invesco Ltd. raised its stake in shares of Hudson Technologies by 23.3% during the 4th quarter. Invesco Ltd. now owns 97,108 shares of the industrial products company’s stock worth $665,000 after buying an additional 18,324 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Hudson Technologies during the fourth quarter worth $140,000. Empowered Funds LLC grew its holdings in Hudson Technologies by 11.1% during the fourth quarter. Empowered Funds LLC now owns 176,413 shares of the industrial products company’s stock worth $1,208,000 after acquiring an additional 17,607 shares during the period. XTX Topco Ltd raised its position in Hudson Technologies by 104.7% in the fourth quarter. XTX Topco Ltd now owns 29,131 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 14,898 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Hudson Technologies by 47.7% in the fourth quarter. Inspire Investing LLC now owns 68,583 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 22,160 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Down 1.9%

HDSN opened at $5.81 on Friday. Hudson Technologies has a 52 week low of $5.11 and a 52 week high of $10.52. The business has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $7.82. The company has a market cap of $246.75 million, a PE ratio of 16.14 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The company had revenue of $44.41 million during the quarter, compared to analysts’ expectations of $38.12 million. Hudson Technologies had a net margin of 6.76% and a return on equity of 7.88%. As a group, sell-side analysts expect that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.