Fmr LLC Acquires 3,502 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Fmr LLC raised its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 299.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,670 shares of the industrial products company’s stock after buying an additional 3,502 shares during the period. Fmr LLC’s holdings in Hudson Technologies were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Hudson Technologies during the 3rd quarter worth about $28,000. West Tower Group LLC acquired a new stake in Hudson Technologies during the third quarter worth approximately $28,000. Point72 DIFC Ltd bought a new stake in shares of Hudson Technologies during the second quarter worth approximately $55,000. Quest Partners LLC grew its position 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 valued at $69,000 after purchasing an additional 4,336 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Hudson Technologies in the third quarter valued at approximately $88,000. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $5.34 on Thursday. Hudson Technologies, Inc. has a one year low of $5.17 and a one year high of $15.24. The company has a market cap of $241.36 million, a price-to-earnings ratio of 8.22, a PEG ratio of 0.36 and a beta of 1.13. The firm has a 50 day simple moving average of $6.35 and a 200 day simple moving average of $7.64.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same period last year, the company earned $0.34 earnings per share. As a group, analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Canaccord Genuity Group reduced their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Roth Mkm cut shares of 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 research report on Tuesday, November 5th. B. Riley restated a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Roth Capital cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.85.

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.