Hudson Technologies, Inc. (NASDAQ:HDSN) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $4.00.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Hudson Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. TheStreet lowered Hudson Technologies from a “c-” rating to a “d” rating in a research note on Tuesday, December 4th. ValuEngine upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Roth Capital restated a “buy” rating on shares of Hudson Technologies in a research note on Tuesday, November 13th.
Hudson Technologies stock opened at $1.23 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.44 and a current ratio of 2.09. The stock has a market capitalization of $47.28 million, a PE ratio of 2.62, a price-to-earnings-growth ratio of 0.44 and a beta of 1.51. Hudson Technologies has a 52 week low of $0.70 and a 52 week high of $6.98.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, December 5th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). The business had revenue of $40.55 million during the quarter, compared to the consensus estimate of $51.53 million. Hudson Technologies had a negative return on equity of 3.77% and a negative net margin of 30.62%. Analysts anticipate that Hudson Technologies will post -0.2 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc increased its stake in Hudson Technologies by 1.2% during the third quarter. Vanguard Group Inc now owns 1,597,854 shares of the industrial products company’s stock valued at $2,045,000 after acquiring an additional 18,319 shares during the period. Alps Advisors Inc. acquired a new stake in Hudson Technologies during the second quarter valued at approximately $290,000. Ingalls & Snyder LLC boosted its holdings in Hudson Technologies by 256.7% during the third quarter. Ingalls & Snyder LLC now owns 79,236 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 57,025 shares in the last quarter. Marathon Capital Management boosted its holdings in Hudson Technologies by 8.2% during the third quarter. Marathon Capital Management now owns 895,975 shares of the industrial products company’s stock valued at $1,146,000 after purchasing an additional 67,900 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its holdings in Hudson Technologies by 123.6% during the third quarter. Thompson Investment Management Inc. now owns 145,325 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 80,325 shares in the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
About Hudson Technologies
Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.
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