Hudson Technologies (NASDAQ:HDSN) Raised to “Buy” at Wall Street Zen

Hudson Technologies (NASDAQ:HDSN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other equities research analysts also recently weighed in on HDSN. Canaccord Genuity Group cut their price objective on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Zacks Research lowered Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.33.

Hudson Technologies Trading Down 1.0%

Shares of Hudson Technologies stock opened at $6.79 on Friday. The firm’s 50 day moving average is $9.13 and its 200 day moving average is $8.60. The firm has a market capitalization of $296.03 million, a PE ratio of 16.98 and a beta of 0.91. Hudson Technologies has a 1 year low of $5.11 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $74.01 million during the quarter, compared to the consensus estimate of $72.15 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. As a group, research analysts anticipate that Hudson Technologies will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Hudson Technologies by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock worth $115,000 after purchasing an additional 1,247 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 1,517 shares during the last quarter. CWM LLC increased its stake in Hudson Technologies by 13.7% in the 3rd quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,696 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Hudson Technologies by 2.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 96,922 shares of the industrial products company’s stock valued at $787,000 after buying an additional 2,635 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares during the period. Institutional investors 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.