Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Recommendation of “Hold” by Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.85.

A number of research analysts recently issued reports on the company. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group cut their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, B. Riley reiterated a “neutral” rating and set a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th.

Hudson Technologies Stock Up 1.0 %

Hudson Technologies stock opened at $6.09 on Monday. The business has a 50-day simple moving average of $5.78 and a two-hundred day simple moving average of $7.25. The company has a market cap of $275.26 million, a P/E ratio of 9.37, a P/E/G ratio of 0.48 and a beta of 1.11. Hudson Technologies has a 52-week low of $5.17 and a 52-week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results 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. The business had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same period in the previous year, the company posted $0.34 EPS. Research analysts anticipate that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Institutional Trading of Hudson Technologies

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Hudson Technologies by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 9,319 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $1,612,000. JPMorgan Chase & Co. raised its holdings in shares of Hudson Technologies by 69.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock worth $2,824,000 after acquiring an additional 139,042 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Hudson Technologies during the 3rd quarter worth approximately $373,000. Finally, Barclays PLC raised its holdings in shares of Hudson Technologies by 314.0% during the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock worth $569,000 after acquiring an additional 51,719 shares in the last quarter. 71.34% of the stock is 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.