Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.60.

HDSN has been the subject of several research analyst reports. B. Riley reduced their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Craig Hallum reduced their price objective on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. Rhumbline Advisers raised its position in shares of Hudson Technologies by 2.6% in the second quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock valued at $624,000 after buying an additional 1,770 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Hudson Technologies by 20.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 2,300 shares during the last quarter. ClariVest Asset Management LLC lifted its stake in Hudson Technologies by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock worth $823,000 after purchasing an additional 2,555 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Hudson Technologies by 10.3% during the 2nd quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 2,673 shares during the last quarter. Finally, 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $8.26 on Friday. The company has a market capitalization of $375.92 million, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.46 and a beta of 1.21. The company’s fifty day moving average price is $8.17 and its 200 day moving average price is $9.21. Hudson Technologies has a 1 year low of $6.94 and a 1 year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. The firm had revenue of $75.28 million for the quarter, compared to analysts’ expectations of $78.63 million. During the same period in the previous year, the company earned $0.41 earnings per share. On average, equities analysts expect that Hudson Technologies will post 0.58 EPS for the current 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.