Hudson Technologies (NASDAQ:HDSN) Cut to Neutral at Roth Mkm

Hudson Technologies (NASDAQ:HDSN) was downgraded by analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a $7.00 price objective on the industrial products company’s stock. Roth Mkm’s price target would suggest a potential downside of 7.77% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a report on Tuesday. B. Riley downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $8.50 in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.50.

Hudson Technologies Trading Up 2.3 %

Shares of HDSN stock opened at $7.59 on Tuesday. The stock has a 50 day simple moving average of $7.98 and a 200-day simple moving average of $8.61. The company has a market cap of $345.50 million, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22. Hudson Technologies has a 12-month low of $6.94 and a 12-month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $75.28 million during the quarter, compared to analyst estimates of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same quarter last year, the business earned $0.41 EPS. On average, equities analysts forecast that Hudson Technologies will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Large investors have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Hudson Technologies during the 3rd quarter worth approximately $28,000. Point72 DIFC Ltd acquired a new stake in Hudson Technologies during the 2nd quarter valued at $55,000. Quest Partners LLC lifted its position in shares of Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 4,336 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Hudson Technologies in the third quarter valued at $96,000. Finally, Creative Planning purchased a new stake in shares of Hudson Technologies in the third quarter valued at $106,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.