Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Average Rating of “Hold” from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have covered the stock in the last year is $7.85.

A number of equities research analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating and issued a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $10.00 to $7.00 in a research report on Tuesday, November 5th. Canaccord Genuity Group decreased their price objective on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Finally, Roth Capital cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $5.46 on Thursday. Hudson Technologies has a 12-month low of $5.17 and a 12-month high of $15.24. The company has a market capitalization of $246.79 million, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.36 and a beta of 1.13. The firm’s fifty day moving average price is $6.24 and its 200 day moving average price is $7.57.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same period in the previous year, the business earned $0.34 EPS. Analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. Sixth Street Partners Management Company L.P. boosted its position in Hudson Technologies by 30.0% during the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after acquiring an additional 300,000 shares during the period. Commonwealth Equity Services LLC acquired a new position in Hudson Technologies during the 2nd quarter valued at about $687,000. Dimensional Fund Advisors LP raised its position in shares of Hudson Technologies by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after buying an additional 364,117 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of Hudson Technologies by 39.3% in the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock worth $8,280,000 after acquiring an additional 265,825 shares during the period. Finally, New South Capital Management Inc. bought a new stake in Hudson Technologies during the second quarter worth approximately $11,564,000. 71.34% of the stock is owned by institutional investors.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.