Wall Street Zen Downgrades Hudson Technologies (NASDAQ:HDSN) to Hold

Hudson Technologies (NASDAQ:HDSN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also issued reports on the company. B. Riley Financial reduced their price target on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Canaccord Genuity Group dropped their price objective on Hudson Technologies from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Friday, March 6th. Roth Mkm cut their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hudson Technologies has an average rating of “Hold” and an average target price of $9.00.

Hudson Technologies Stock Down 1.9%

NASDAQ HDSN opened at $5.81 on Friday. The company has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $7.84. Hudson Technologies has a 12-month low of $5.11 and a 12-month high of $10.52. The firm has a market cap of $246.75 million, a price-to-earnings ratio of 16.14 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, March 4th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%.The company had revenue of $44.41 million during the quarter, compared to analysts’ expectations of $38.12 million. Equities analysts expect that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Several institutional investors and hedge funds have recently bought and sold shares of HDSN. Westerly Capital Management LLC boosted its position in Hudson Technologies by 34.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock valued at $17,468,000 after acquiring an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hudson Technologies by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,043,151 shares of the industrial products company’s stock worth $13,996,000 after acquiring an additional 33,670 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Hudson Technologies by 102.9% in 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 period. American Century Companies Inc. boosted its position in shares of Hudson Technologies by 23.6% during the second 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 in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of 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 purchasing an additional 39,654 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.