Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $9.00 Consensus Target Price from Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $9.00.

Several research firms have recently commented on HDSN. B. Riley Financial decreased their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Canaccord Genuity Group cut their target price on shares of Hudson Technologies from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, Roth Mkm decreased their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in Hudson Technologies by 23.3% during the 4th quarter. Invesco Ltd. now owns 97,108 shares of the industrial products company’s stock worth $665,000 after buying an additional 18,324 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Hudson Technologies in the fourth quarter valued at $140,000. Empowered Funds LLC lifted its stake in Hudson Technologies by 11.1% in the fourth quarter. Empowered Funds LLC now owns 176,413 shares of the industrial products company’s stock valued at $1,208,000 after buying an additional 17,607 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Hudson Technologies by 104.7% during the fourth quarter. XTX Topco Ltd now owns 29,131 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 14,898 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Hudson Technologies by 47.7% during the fourth quarter. Inspire Investing LLC now owns 68,583 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 22,160 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of HDSN opened at $6.11 on Friday. The stock has a market capitalization of $262.73 million, a PE ratio of 16.97 and a beta of 0.92. The business’s fifty day moving average price is $7.05 and its 200 day moving average price is $7.89. 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 for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The business had revenue of $44.41 million for the quarter, compared to the consensus estimate of $38.12 million. Hudson Technologies had a net margin of 6.76% and a return on equity of 7.78%. As a group, research analysts anticipate that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

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.