Analysts Set Hudson Technologies, Inc. (NASDAQ:HDSN) PT at $7.85

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

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

Institutional Trading of Hudson Technologies

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its stake in Hudson Technologies by 2.6% during the second quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock worth $624,000 after buying an additional 1,770 shares during the period. American Century Companies Inc. boosted its position in Hudson Technologies by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company’s stock worth $5,711,000 after purchasing an additional 65,174 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 in the last quarter. Bank of Montreal Can purchased a new position in Hudson Technologies in the second quarter valued at about $381,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies during the second quarter worth about $55,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Hudson Technologies stock 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 company has a market capitalization of $269.39 million, a price-to-earnings ratio of 9.17, a PEG ratio of 0.50 and a beta of 1.11. The stock has a fifty day moving average of $5.78 and a two-hundred day moving average of $7.21.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same quarter last year, the business posted $0.34 EPS. On average, analysts forecast that Hudson Technologies will post 0.55 EPS for the current fiscal 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.