Roth Mkm Cuts Hudson Technologies (NASDAQ:HDSN) Price Target to $13.00

Hudson Technologies (NASDAQ:HDSN) had its target price reduced by Roth Mkm from $14.00 to $13.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Separately, B. Riley dropped their target price on Hudson Technologies from $17.00 to $16.00 and set a buy rating on the stock in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $12.40.

Hudson Technologies Trading Up 0.3 %

Shares of HDSN stock opened at $9.13 on Wednesday. Hudson Technologies has a 12-month low of $7.21 and a 12-month high of $15.24. The stock has a market capitalization of $415.51 million, a P/E ratio of 9.32, a P/E/G ratio of 0.36 and a beta of 1.00. The firm’s 50 day moving average is $11.48 and its 200 day moving average is $12.50.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Hudson Technologies had a return on equity of 22.00% and a net margin of 16.70%. The firm had revenue of $65.25 million for the quarter, compared to analysts’ expectations of $63.04 million. During the same period in the prior year, the firm earned $0.33 EPS. As a group, equities analysts predict that Hudson Technologies will post 0.91 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors have recently bought and sold shares of the stock. Brightline Capital Management LLC bought a new stake in Hudson Technologies during the third quarter valued at about $1,862,000. Allspring Global Investments Holdings LLC lifted its position in shares of Hudson Technologies by 83.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock valued at $4,231,000 after buying an additional 144,682 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Hudson Technologies during the 3rd quarter valued at approximately $172,000. SG Americas Securities LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth approximately $301,000. Finally, Bank of New York Mellon Corp raised its stake in Hudson Technologies by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 355,368 shares of the industrial products company’s stock worth $4,726,000 after acquiring an additional 7,175 shares during the period. 71.34% of the stock is owned by institutional investors.

About Hudson Technologies

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.