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

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, 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 brokerages that have issued a report on the stock in the last year is $9.3333.

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

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors have recently made changes to their positions in HDSN. AQR Capital Management LLC grew its holdings in Hudson Technologies by 7.2% in the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after buying an additional 39,654 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hudson Technologies in the first quarter valued at approximately $97,000. Goldman Sachs Group Inc. grew its stake in shares of Hudson Technologies by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock worth $1,516,000 after acquiring an additional 80,973 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Hudson Technologies by 32.3% in the first quarter. Voya Investment Management LLC now owns 49,545 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 12,110 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Hudson Technologies by 30.5% during 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. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $7.25 on Friday. The company has a market capitalization of $311.75 million, a P/E ratio of 14.50 and a beta of 0.86. The stock’s 50 day moving average price is $7.10 and its 200 day moving average price is $8.46. Hudson Technologies has a 52 week low of $5.11 and a 52 week high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.27 EPS for the quarter, topping 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 company had revenue of $74.01 million for the quarter, compared to analyst estimates of $72.15 million. As a group, sell-side analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Hudson Technologies Company Profile

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.