Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Rating of “Hold” by Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com 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.

HDSN has been the subject of several recent analyst reports. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Zacks Research downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Hudson Technologies in a research note on Tuesday, December 23rd. Craig Hallum lowered shares of 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, Canaccord Genuity Group lowered their price objective on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a research report on Monday, November 10th.

Hudson Technologies Trading Down 2.1%

Shares of Hudson Technologies stock opened at $6.85 on Tuesday. The company has a market cap of $294.55 million, a PE ratio of 13.70 and a beta of 0.81. The company has a 50 day moving average of $7.53 and a 200-day moving average of $8.57. Hudson Technologies has a 1-year low of $5.11 and a 1-year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced 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. Hudson Technologies had a net margin of 9.60% and a return on equity of 8.97%. The business had revenue of $74.01 million during the quarter, compared to the consensus estimate of $72.15 million. Research analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Hudson Technologies by 10.8% in the third 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 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 valued at $53,000 after buying an additional 1,517 shares during the period. CWM LLC raised its holdings in Hudson Technologies by 13.7% in the 3rd 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 last quarter. Quarry LP boosted its position in Hudson Technologies by 51.9% during the 3rd 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 period. Finally, SummerHaven Investment Management LLC grew 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 worth $787,000 after acquiring an additional 2,635 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.