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

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

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

Institutional Investors Weigh In On Hudson Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Sixth Street Partners Management Company L.P. increased its position in Hudson Technologies by 30.0% in the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after buying an additional 300,000 shares during the period. Commonwealth Equity Services LLC bought a new stake in Hudson Technologies in the 2nd quarter valued at about $687,000. Dimensional Fund Advisors LP lifted its position in Hudson Technologies by 22.0% in the 2nd 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 last quarter. Foundry Partners LLC boosted its stake in Hudson Technologies by 39.3% during the 2nd 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. Finally, New South Capital Management Inc. bought a new position in Hudson Technologies in the 2nd quarter worth about $11,564,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of Hudson Technologies 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 business has a 50-day moving average of $6.24 and a 200-day moving average of $7.59. The company has a market capitalization of $244.07 million, a PE ratio of 8.31, a P/E/G ratio of 0.36 and a beta of 1.13.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The firm had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. During the same quarter last year, the firm earned $0.34 EPS. On average, equities analysts expect 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.