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

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.85.

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Finally, B. Riley restated a “neutral” rating and set a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th.

Institutional Trading of Hudson Technologies

Hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC increased its position in Hudson Technologies by 50.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company’s stock worth $305,000 after buying an additional 18,344 shares during the period. SG Americas Securities LLC grew its position in shares of Hudson Technologies by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 9,319 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Hudson Technologies in the 4th quarter worth about $1,612,000. JPMorgan Chase & Co. lifted its position in 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 last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Hudson Technologies during the 3rd quarter valued at about $373,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Down 2.0 %

Shares of NASDAQ HDSN opened at $5.96 on Monday. Hudson Technologies has a fifty-two week low of $5.17 and a fifty-two week high of $15.24. The business has a 50 day moving average price of $5.78 and a two-hundred day moving average price of $7.21. The firm has a market cap of $269.39 million, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.50 and a beta of 1.11.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.34 earnings per share. On average, analysts anticipate that Hudson Technologies will post 0.55 earnings per share for the current year.

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.