Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Consensus Recommendation of “Hold” from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.3333.

Several equities analysts have weighed in on the company. Zacks Research cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a report on Monday, November 10th. Wall Street Zen raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research note on Wednesday, October 8th.

Hudson Technologies Stock Performance

HDSN stock opened at $7.63 on Friday. The business has a 50-day simple moving average of $8.24 and a two-hundred day simple moving average of $8.57. The company has a market capitalization of $332.67 million, a P/E ratio of 15.26 and a beta of 0.80. Hudson Technologies has a 52-week low of $5.11 and a 52-week high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $74.01 million for the quarter, compared to analyst estimates of $72.15 million. Hudson Technologies had a return on equity of 8.97% and a net margin of 9.60%. As a group, sell-side analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Hudson Technologies by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 1,247 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Hudson Technologies by 30.5% in the 2nd quarter. GAMMA Investing LLC now owns 6,487 shares of the industrial products company’s stock worth $53,000 after buying an additional 1,517 shares during the last quarter. CWM LLC grew its position in Hudson Technologies by 13.7% during the third quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock valued at $140,000 after buying an additional 1,696 shares during the period. Quarry LP increased its holdings in Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after buying an additional 1,805 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its position in 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. Hedge funds and other 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.