Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $7.85 Average PT from Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $7.85.

HDSN has been the subject of several recent analyst reports. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group cut their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, B. Riley reiterated a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On Hudson Technologies

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Hudson Technologies by 69.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock valued at $2,824,000 after purchasing an additional 139,042 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Hudson Technologies in the third quarter worth about $373,000. Barclays PLC increased its position in shares of Hudson Technologies by 314.0% in the third quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock worth $569,000 after acquiring an additional 51,719 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hudson Technologies by 1.1% during the third quarter. Geode Capital Management LLC now owns 990,856 shares of the industrial products company’s stock valued at $8,265,000 after acquiring an additional 10,707 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Hudson Technologies by 5.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 367,640 shares of the industrial products company’s stock valued at $3,066,000 after acquiring an additional 20,000 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $5.40 on Thursday. Hudson Technologies has a 1 year low of $5.17 and a 1 year high of $15.24. The firm has a market capitalization of $244.07 million, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.36 and a beta of 1.13. The stock has a fifty day moving average of $6.24 and a two-hundred day moving average of $7.59.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Hudson Technologies Company Profile

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.