Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $7.85 Average Target Price from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has received a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is $7.85.

Several research firms have issued reports on HDSN. B. Riley reaffirmed a “neutral” rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. 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 cut shares of 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 research report on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $7.00 in a research report on Tuesday, November 5th. Finally, Roth Capital cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On Hudson Technologies

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Hudson Technologies during the 3rd quarter worth about $28,000. West Tower Group LLC acquired a new position in shares of Hudson Technologies during the 3rd quarter worth about $28,000. Quarry LP boosted its stake in shares of Hudson Technologies by 901.1% during the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock worth $39,000 after buying an additional 4,208 shares during the last quarter. FMR LLC boosted its stake in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after buying an additional 3,502 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Hudson Technologies in the 2nd quarter valued at about $55,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Trading Down 1.0 %

NASDAQ HDSN opened at $5.98 on Friday. The stock’s 50 day moving average is $7.13 and its two-hundred day moving average is $8.07. The company has a market capitalization of $270.30 million, a price-to-earnings ratio of 9.20, a PEG ratio of 0.35 and a beta of 1.13. Hudson Technologies has a 1-year low of $5.35 and a 1-year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $61.94 million for 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 in the previous year, the business earned $0.34 EPS. On average, analysts predict that Hudson Technologies will post 0.57 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.