Hudson Technologies, Inc. (NASDAQ:HDSN) Given Consensus Rating of “Hold” by Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.00.

A number of research analysts have weighed in on HDSN shares. B. Riley Financial decreased their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Wall Street Zen lowered Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Roth Mkm cut their price objective on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Finally, Canaccord Genuity Group dropped their price target on Hudson Technologies from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Friday, March 6th.

Institutional Trading of Hudson Technologies

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Hudson Technologies in the 4th quarter valued at $28,000. Nkcfo LLC purchased a new stake in Hudson Technologies in the 3rd quarter valued at $47,000. Quarry LP grew its holdings in Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Hudson Technologies by 177.6% in 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 buying an additional 5,576 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Performance

HDSN stock opened at $6.25 on Monday. Hudson Technologies has a 12-month low of $5.62 and a 12-month high of $10.52. The stock has a market cap of $262.93 million, a price-to-earnings ratio of 17.36 and a beta of 0.87. The business’s 50-day moving average is $6.26 and its 200 day moving average is $7.05.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). The firm had revenue of $44.41 million during the quarter, compared to analysts’ expectations of $38.12 million. Hudson Technologies had a net margin of 6.76% and a return on equity of 7.88%. As a group, equities analysts forecast that Hudson Technologies will post 0.41 EPS 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.