Hudson Technologies (NASDAQ:HDSN) Stock Rating Lowered by B. Riley

B. Riley lowered shares of Hudson Technologies (NASDAQ:HDSN) from a buy rating to a neutral rating in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have $8.50 price objective on the industrial products company’s stock, down from their prior price objective of $10.00. B. Riley also issued estimates for Hudson Technologies’ FY2025 earnings at $0.69 EPS.

Separately, Craig Hallum lowered 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 note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.30.

Hudson Technologies Trading Down 3.3 %

NASDAQ HDSN opened at $7.42 on Wednesday. Hudson Technologies has a 12-month low of $6.94 and a 12-month high of $15.24. The firm’s fifty day simple moving average is $8.00 and its two-hundred day simple moving average is $8.65. The firm has a market capitalization of $337.76 million, a P/E ratio of 9.64, a P/E/G ratio of 0.44 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 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 company had revenue of $75.28 million for the quarter, compared to analyst estimates of $78.63 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, sell-side analysts predict that Hudson Technologies will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Hudson Technologies by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock valued at $25,108,000 after purchasing an additional 37,158 shares during the period. Dimensional Fund Advisors LP lifted its position in Hudson Technologies by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after purchasing an additional 364,117 shares during the period. New South Capital Management Inc. acquired a new position in Hudson Technologies during the second quarter valued at $11,564,000. Sixth Street Partners Management Company L.P. lifted its position in Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after purchasing an additional 300,000 shares during the period. Finally, Foundry Partners LLC lifted its position in Hudson Technologies by 39.3% during the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock valued at $8,280,000 after purchasing an additional 265,825 shares during the period. 71.34% of the stock is currently 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.