Hudson Technologies’ (HDSN) Hold (C) Rating Reiterated at Weiss Ratings

Hudson Technologies (NASDAQ:HDSN)‘s stock had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. Zacks Research cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen upgraded Hudson Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 8th. Finally, B. Riley upgraded Hudson Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $7.50 to $9.00 in a research report on Monday, June 16th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.63.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $9.21 on Wednesday. Hudson Technologies has a 1 year low of $5.11 and a 1 year high of $10.52. The stock’s fifty day moving average price is $9.86 and its 200-day moving average price is $8.06. The company has a market cap of $402.18 million, a P/E ratio of 23.03 and a beta of 0.96.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The business had revenue of $72.85 million during the quarter, compared to analyst estimates of $71.67 million. On average, sell-side analysts anticipate that Hudson Technologies will post 0.55 earnings per share for the current year.

Institutional Trading of Hudson Technologies

Several hedge funds have recently bought and sold shares of HDSN. Hartree Partners LP bought a new stake in Hudson Technologies during the first quarter valued at about $22,046,000. Westerly Capital Management LLC lifted its position in shares of Hudson Technologies by 63.3% during the 2nd quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock valued at $16,240,000 after buying an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Hudson Technologies by 102.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,111,803 shares of the industrial products company’s stock valued at $9,028,000 after buying an additional 563,899 shares in the last quarter. Oaktree Capital Management LP bought a new stake in Hudson Technologies during the 2nd quarter worth approximately $4,569,000. Finally, American Century Companies Inc. raised its stake in Hudson Technologies by 23.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,754 shares of the industrial products company’s stock worth $8,711,000 after acquiring an additional 204,695 shares during the period. 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.