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

Hudson Technologies, Inc. (NASDAQ:HDSN) has received an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.8750.

Several equities analysts have recently commented on HDSN shares. B. Riley Financial dropped their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Thursday, March 5th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Roth Mkm lowered their price objective on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Finally, Canaccord Genuity Group lowered their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th.

Insider Buying and Selling

In related news, Director Alan Sheriff acquired 5,200 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $4.88 per share, for a total transaction of $25,376.00. Following the transaction, the director directly owned 9,265 shares in the company, valued at $45,213.20. This trade represents a 127.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey R. Feeler acquired 5,100 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $4.92 per share, with a total value of $25,092.00. Following the completion of the transaction, the director owned 9,165 shares in the company, valued at $45,091.80. This represents a 125.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 32,850 shares of company stock valued at $161,120. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hudson Technologies

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hudson Technologies by 53,751.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after purchasing an additional 268,756 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Hudson Technologies in the third quarter worth $2,058,000. KBC Group NV bought a new stake in shares of Hudson Technologies in the fourth quarter worth $843,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Hudson Technologies in the fourth quarter worth $81,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Hudson Technologies by 26.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 35,366 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 7,376 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Trading Down 1.4%

Shares of NASDAQ:HDSN opened at $5.48 on Tuesday. The firm has a 50 day moving average of $5.58 and a 200-day moving average of $6.37. The stock has a market capitalization of $230.54 million, a PE ratio of 17.68 and a beta of 0.81. Hudson Technologies has a 12 month low of $4.64 and a 12 month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. On average, research analysts predict that Hudson Technologies will post 0.34 EPS for the current fiscal year.

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.