Analysts Set Hudson Technologies, Inc. (NASDAQ:HDSN) Target Price at $7.50

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.50.

Separately, Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a report on Monday.

Hudson Technologies Stock Up 0.3 %

Shares of HDSN opened at $6.07 on Monday. Hudson Technologies has a twelve month low of $5.17 and a twelve month high of $12.22. The stock has a market cap of $274.36 million, a PE ratio of 9.34, a P/E/G ratio of 0.49 and a beta of 1.12. The business’s 50-day moving average price is $5.80 and its 200-day moving average price is $6.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its position in Hudson Technologies by 13.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 418,740 shares of the industrial products company’s stock valued at $2,337,000 after purchasing an additional 51,100 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Hudson Technologies during the 4th quarter valued at $185,000. Two Sigma Advisers LP lifted its holdings in shares of Hudson Technologies by 147.8% during the 4th quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 139,800 shares during the last quarter. Two Sigma Investments LP grew its position in Hudson Technologies by 332.9% in the fourth quarter. Two Sigma Investments LP now owns 361,978 shares of the industrial products company’s stock worth $2,020,000 after acquiring an additional 278,352 shares in the last quarter. Finally, State of Wyoming bought a new position in Hudson Technologies in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.