Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.40.

Several equities analysts recently weighed in on the stock. Roth Mkm dropped their price target on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Craig Hallum dropped their target price on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Canaccord Genuity Group reiterated a “hold” rating and set a $10.00 price target (down previously from $15.00) on shares of Hudson Technologies in a report on Thursday, May 2nd. Canaccord Genuity Group cut Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $10.00 in a research note on Thursday, May 2nd. Finally, B. Riley reduced their target price on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Hudson Technologies by 417.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 5,610 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Hudson Technologies in the first quarter valued at approximately $126,000. Arizona State Retirement System purchased a new stake in shares of Hudson Technologies during the 4th quarter valued at approximately $154,000. Paradice Investment Management LLC bought a new position in Hudson Technologies in the 4th quarter worth approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Hudson Technologies in the 4th quarter valued at approximately $163,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Up 2.6 %

Shares of HDSN opened at $9.37 on Thursday. The business’s fifty day moving average is $11.37 and its 200 day moving average is $12.45. Hudson Technologies has a 12-month low of $7.56 and a 12-month high of $15.24. The stock has a market cap of $426.43 million, a P/E ratio of 9.56, a P/E/G ratio of 0.41 and a beta of 1.00.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. During the same period last year, the firm earned $0.33 earnings per share. On average, analysts expect that Hudson Technologies will post 0.74 EPS for the current year.

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.