Hudson Technologies (NASDAQ:HDSN) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Hudson Technologies (NASDAQ:HDSN) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

A number of other research firms have also issued reports on HDSN. Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research note on Wednesday, October 8th. Zacks Research lowered shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Canaccord Genuity Group upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $6.75 to $10.50 in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.63.

Hudson Technologies Trading Down 1.6%

NASDAQ:HDSN opened at $9.36 on Friday. Hudson Technologies has a 1 year low of $5.11 and a 1 year high of $10.52. The firm’s fifty day simple moving average is $9.70 and its 200 day simple moving average is $8.38. The firm has a market capitalization of $408.75 million, a PE ratio of 23.40 and a beta of 0.96.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. The business had revenue of $72.85 million for the quarter, compared to analyst estimates of $71.67 million. As a group, analysts anticipate that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Institutional Trading of Hudson Technologies

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Hudson Technologies by 111.8% during the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 2,624 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hudson Technologies during the 1st quarter valued at about $79,000. CWM LLC boosted its position in shares of Hudson Technologies by 186.9% during the 1st quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 9,187 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hudson Technologies during the 1st quarter valued at about $97,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.