Hudson Technologies (NASDAQ:HDSN) Stock Passes Below 200-Day Moving Average – What’s Next?

Hudson Technologies, Inc. (NASDAQ:HDSN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.82 and traded as low as $5.65. Hudson Technologies shares last traded at $5.84, with a volume of 309,139 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating and issued a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Roth Capital cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group lowered their price target on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.85.

Hudson Technologies Trading Up 3.0 %

The business’s fifty day simple moving average is $5.70 and its 200-day simple moving average is $6.82. The firm has a market cap of $263.97 million, a P/E ratio of 8.98, a PEG ratio of 0.47 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its position in Hudson Technologies by 282.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company’s stock worth $7,508,000 after acquiring an additional 993,833 shares in the last quarter. JPMorgan Chase & Co. grew its position in Hudson Technologies by 152.0% in the fourth quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock worth $4,761,000 after acquiring an additional 514,645 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Hudson Technologies in the fourth quarter worth $1,733,000. 683 Capital Management LLC grew its position in Hudson Technologies by 89.4% in the fourth quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company’s stock worth $3,548,000 after acquiring an additional 300,110 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Hudson Technologies in the fourth quarter worth $1,612,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.