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

Hudson Technologies, Inc. (NASDAQ:HDSN) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.3333.

Several research analysts have recently issued reports on HDSN shares. Weiss Ratings upgraded shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Canaccord Genuity Group cut their price target on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a report on Thursday, November 6th.

Institutional Trading of Hudson Technologies

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in Hudson Technologies in the fourth quarter worth about $28,000. Nkcfo LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at approximately $47,000. Quarry LP raised its holdings in shares of Hudson Technologies by 51.9% in 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 in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of 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 worth $75,000 after buying an additional 3,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after buying an additional 5,576 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Trading Down 2.2%

Shares of Hudson Technologies stock opened at $7.24 on Wednesday. The company’s fifty day simple moving average is $7.22 and its 200-day simple moving average is $8.33. The company has a market cap of $311.32 million, a price-to-earnings ratio of 14.48 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 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.