Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) PT at $9.00

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $8.8750.

A number of research analysts recently commented on HDSN shares. Wall Street Zen downgraded Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. B. Riley Financial lowered their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Roth Mkm lowered their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Finally, Canaccord Genuity Group lowered their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Hudson Technologies by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after acquiring an additional 105,160 shares during the period. Fifth Third Bancorp acquired a new position in Hudson Technologies during the 1st quarter worth $179,000. Sequoia Financial Advisors LLC acquired a new position in Hudson Technologies during the 1st quarter worth $82,000. Inspire Investing LLC boosted its position in Hudson Technologies by 28.4% during the 1st quarter. Inspire Investing LLC now owns 88,086 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 19,503 shares during the period. Finally, Invesco Ltd. boosted its position in Hudson Technologies by 23.3% during the 4th quarter. Invesco Ltd. now owns 97,108 shares of the industrial products company’s stock worth $665,000 after acquiring an additional 18,324 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of HDSN opened at $5.25 on Monday. The company has a market cap of $220.87 million, a P/E ratio of 16.94 and a beta of 0.87. The stock has a fifty day moving average price of $6.19 and a 200 day moving average price of $6.99. Hudson Technologies has a 12 month low of $5.21 and a 12 month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. Hudson Technologies had a return on equity of 6.87% and a net margin of 5.66%. As a group, research analysts anticipate that Hudson Technologies will post 0.37 earnings per share for the current year.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.