Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) Target Price at $7.85

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.85.

HDSN has been the subject of a number of analyst reports. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group cut their target price on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Roth Capital lowered Hudson Technologies from a “strong-buy” rating to a “hold” rating 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 objective for the stock from $10.00 to $7.00 in a research note on Tuesday, November 5th. Finally, 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.

Hudson Technologies Trading Up 1.2 %

Shares of HDSN stock opened at $5.90 on Wednesday. The stock has a 50 day moving average of $7.80 and a two-hundred day moving average of $8.48. The company has a market capitalization of $268.57 million, a P/E ratio of 9.08, a P/E/G ratio of 0.34 and a beta of 1.22. Hudson Technologies has a 12 month low of $5.35 and a 12 month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. During the same quarter in the previous year, the firm posted $0.34 EPS. Sell-side analysts predict that Hudson Technologies will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Hudson Technologies in the third quarter valued at $28,000. Point72 DIFC Ltd bought a new position in shares of Hudson Technologies in the second quarter worth about $55,000. Quest Partners LLC raised its stake in shares of Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 4,336 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Hudson Technologies during the first quarter worth approximately $114,000. Finally, Intech Investment Management LLC bought a new stake in shares of Hudson Technologies during the third quarter valued at approximately $88,000. 71.34% of the stock is 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.