Hudson Technologies (NASDAQ:HDSN) Price Target Cut to $6.25 by Analysts at Canaccord Genuity Group

Hudson Technologies (NASDAQ:HDSN) had its target price lowered by Canaccord Genuity Group from $8.00 to $6.25 in a research note published on Monday,Benzinga reports. The brokerage currently has a hold rating on the industrial products company’s stock.

Hudson Technologies Trading Up 0.3 %

Shares of HDSN opened at $5.82 on Monday. Hudson Technologies has a 12-month low of $5.17 and a 12-month high of $12.22. The stock has a market cap of $263.06 million, a P/E ratio of 8.95, a PEG ratio of 0.49 and a beta of 1.12. The company has a 50-day moving average of $5.79 and a two-hundred day moving average of $6.61.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently bought and sold shares of the stock. Aigen Investment Management LP raised its holdings in shares of Hudson Technologies by 13.6% in the fourth quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 2,167 shares during the last quarter. Rhumbline Advisers raised its stake in Hudson Technologies by 3.9% in the 4th quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company’s stock valued at $388,000 after purchasing an additional 2,601 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Hudson Technologies by 4.8% in the 4th quarter. Franklin Resources Inc. now owns 73,104 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 3,335 shares in the last quarter. West Tower Group LLC acquired a new stake in shares of Hudson Technologies during the 3rd quarter worth about $28,000. Finally, FMR LLC grew its holdings in shares of Hudson Technologies by 299.8% during the third 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.