Fmr LLC Has $39,000 Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Fmr LLC raised its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 299.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,670 shares of the industrial products company’s stock after purchasing an additional 3,502 shares during the quarter. Fmr LLC’s holdings in Hudson Technologies were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Hudson Technologies in the third quarter valued at approximately $28,000. West Tower Group LLC bought a new position in Hudson Technologies in the 3rd quarter valued at $28,000. Point72 DIFC Ltd acquired a new position in Hudson Technologies in the second quarter worth $55,000. Quest Partners LLC grew its holdings in shares of Hudson Technologies by 121.5% during the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,336 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Hudson Technologies in the third quarter valued at $88,000. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Stock Up 0.9 %

Shares of HDSN stock opened at $5.34 on Thursday. The firm has a market capitalization of $241.36 million, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.36 and a beta of 1.13. Hudson Technologies, Inc. has a 12-month low of $5.17 and a 12-month high of $15.24. The firm has a fifty day moving average of $6.35 and a 200-day moving average of $7.64.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company 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 prior year, the company earned $0.34 earnings per share. Research analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $7.00 in a research report on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Canaccord Genuity Group decreased their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. B. Riley restated a “neutral” rating and set a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Finally, Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, Hudson Technologies presently has an average rating of “Hold” and an average target price of $7.85.

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.