Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $8.63 Consensus Target Price from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given an average rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.6250.

A number of research analysts have issued reports on HDSN shares. Canaccord Genuity Group raised shares of Hudson Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hudson Technologies in a report on Wednesday, October 8th. Zacks Research cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen raised shares of Hudson Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, September 8th.

Hudson Technologies Trading Down 2.8%

NASDAQ HDSN opened at $8.74 on Thursday. The company has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $8.21. The stock has a market cap of $381.68 million, a P/E ratio of 21.85 and a beta of 0.96. Hudson Technologies has a 12-month low of $5.11 and a 12-month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $72.85 million during the quarter, compared to analysts’ expectations of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. As a group, sell-side analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current year.

Institutional Trading of Hudson Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Hudson Technologies by 30.5% in the second quarter. GAMMA Investing LLC now owns 6,487 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 1,517 shares during the period. CWM LLC increased its stake in shares of Hudson Technologies by 13.7% in the third quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 1,696 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Hudson Technologies by 2.8% in the second quarter. SummerHaven Investment Management LLC now owns 96,922 shares of the industrial products company’s stock worth $787,000 after acquiring an additional 2,635 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Hudson Technologies by 24.2% in the first quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 3,225 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in shares of Hudson Technologies by 29.7% in the first quarter. EP Wealth Advisors LLC now owns 16,519 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 3,785 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.