Hudson Technologies (NASDAQ:HDSN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Hudson Technologies (NASDAQ:HDSN) from a buy rating to a hold rating in a report released on Saturday.

Several other analysts have also recently commented on HDSN. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Roth Mkm reduced their price target on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. B. Riley Financial decreased their price target on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Canaccord Genuity Group lowered their price target on Hudson Technologies from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.00.

Hudson Technologies Stock Down 1.9%

Hudson Technologies stock 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 firm has a market capitalization of $246.75 million, a price-to-earnings ratio of 16.14 and a beta of 0.92. The firm has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $7.82.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Westerly Capital Management LLC raised its holdings in Hudson Technologies by 63.3% during the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after purchasing an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Hudson Technologies by 102.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,111,803 shares of the industrial products company’s stock valued at $9,028,000 after purchasing an additional 563,899 shares in the last quarter. Oaktree Capital Management LP bought a new position in Hudson Technologies during the 2nd quarter valued at $4,569,000. Marshall Wace LLP increased its position in shares of Hudson Technologies by 270.4% during the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after purchasing an additional 339,543 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Hudson Technologies by 53,751.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock valued at $1,844,000 after purchasing an additional 268,756 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Hudson Technologies

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.