Roth Mkm Lowers Hudson Technologies (NASDAQ:HDSN) Price Target to $8.00

Hudson Technologies (NASDAQ:HDSN) had its target price reduced by equities researchers at Roth Mkm from $9.00 to $8.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Roth Mkm’s price objective would indicate a potential upside of 29.03% from the company’s previous close.

A number of other analysts have also recently issued reports on HDSN. Wall Street Zen raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. B. Riley Financial dropped their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a research note on Thursday, November 6th. Finally, Canaccord Genuity Group decreased their price target on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hudson Technologies currently has an average rating of “Hold” and a consensus target price of $9.00.

Hudson Technologies Trading Down 2.4%

Shares of NASDAQ:HDSN opened at $6.20 on Friday. The stock has a 50 day moving average of $7.19 and a 200 day moving average of $8.10. The company has a market cap of $266.60 million, a PE ratio of 17.22 and a beta of 0.92. Hudson Technologies has a 12-month low of $5.11 and a 12-month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Hudson Technologies had a return on equity of 7.78% and a net margin of 6.76%.The firm had revenue of $44.41 million during the quarter, compared to analysts’ expectations of $38.12 million. Equities research analysts predict that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds have recently modified their holdings of HDSN. AQR Capital Management LLC grew its stake in Hudson Technologies by 7.2% during the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after acquiring an additional 39,654 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Hudson Technologies in the 1st quarter valued at $97,000. Goldman Sachs Group Inc. lifted its stake in Hudson Technologies by 49.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock worth $1,516,000 after purchasing an additional 80,973 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Hudson Technologies by 23.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,754 shares of the industrial products company’s stock valued at $8,711,000 after purchasing an additional 204,695 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hudson Technologies by 102.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,111,803 shares of the industrial products company’s stock valued at $9,028,000 after purchasing an additional 563,899 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.