Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Average Rating of "Hold" from Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has earned a consensus recommendation of "Hold" from the five research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $7.85.

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HDSN has been the topic of a number of recent analyst reports. Roth Capital downgraded shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday. B. Riley restated a "neutral" rating and issued a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday. Craig Hallum downgraded Hudson Technologies from a "buy" rating to a "hold" rating and cut their price objective for the company from $10.00 to $7.00 in a research report on Tuesday. Canaccord Genuity Group decreased their target price on Hudson Technologies from $8.75 to $8.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Roth Mkm downgraded Hudson Technologies from a "buy" rating to a "neutral" rating and reduced their target price for the company from $12.00 to $7.00 in a report on Tuesday.

View Our Latest Research Report on HDSN

Hudson Technologies Stock Down 22.0 %

Shares of NASDAQ HDSN opened at $5.92 on Wednesday. Hudson Technologies has a 52-week low of $5.67 and a 52-week high of $15.24. The stock has a market capitalization of $269.48 million, a P/E ratio of 7.69, a PEG ratio of 0.42 and a beta of 1.22. The stock's 50 day moving average price is $7.93 and its two-hundred day moving average price is $8.58.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The firm had revenue of $61.94 million for the quarter, compared to analysts' expectations of $64.92 million. During the same quarter last year, the company posted $0.34 earnings per share. On average, analysts anticipate that Hudson Technologies will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Hudson Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company's stock valued at $25,108,000 after purchasing an additional 37,158 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hudson Technologies by 22.0% in 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 during the period. New South Capital Management Inc. lifted its holdings in shares of Hudson Technologies by 2.1% during the third quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company's stock worth $11,202,000 after buying an additional 27,576 shares during the last quarter. Sixth Street Partners Management Company L.P. lifted its holdings in shares of Hudson Technologies by 30.0% during the second 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 buying an additional 300,000 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Hudson Technologies by 39.3% in the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company's stock valued at $8,280,000 after acquiring an additional 265,825 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

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.

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