Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $7.50 Average PT from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given a consensus rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.88.

Separately, Canaccord Genuity Group lowered their price objective on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research report on Monday, March 10th.

Hudson Technologies Price Performance

HDSN stock opened at $6.58 on Tuesday. The stock has a market capitalization of $289.36 million, a price-to-earnings ratio of 10.12, a PEG ratio of 0.49 and a beta of 1.03. The business’s fifty day moving average price is $5.85 and its two-hundred day moving average price is $6.03. Hudson Technologies has a fifty-two week low of $5.11 and a fifty-two week high of $10.04.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Hudson Technologies by 19.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company’s stock worth $8,382,000 after purchasing an additional 246,000 shares during the period. New South Capital Management Inc. increased its position in shares of Hudson Technologies by 12.3% in the first quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company’s stock worth $9,155,000 after purchasing an additional 162,002 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Hudson Technologies by 282.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company’s stock worth $7,508,000 after purchasing an additional 993,833 shares during the period. Westerly Capital Management LLC increased its position in shares of Hudson Technologies by 25.6% in the fourth quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company’s stock worth $5,678,000 after purchasing an additional 207,580 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Hudson Technologies by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company’s stock valued at $5,558,000 after buying an additional 4,873 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

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.