Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Rating of “Hold” by Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.85.

A number of brokerages have commented on HDSN. Roth Capital lowered Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Canaccord Genuity Group dropped their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. B. Riley reiterated a “neutral” rating and set a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Finally, Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $7.00 in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sixth Street Partners Management Company L.P. boosted its position in shares of Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after purchasing an additional 300,000 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Hudson Technologies in the second quarter valued at about $687,000. Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after acquiring an additional 364,117 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Hudson Technologies by 39.3% in the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock worth $8,280,000 after acquiring an additional 265,825 shares in the last quarter. Finally, New South Capital Management Inc. acquired a new stake in shares of Hudson Technologies during the second quarter worth about $11,564,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $5.58 on Thursday. The business has a fifty day moving average of $6.08 and a 200-day moving average of $7.50. Hudson Technologies has a twelve month low of $5.17 and a twelve month high of $15.24. The firm has a market cap of $252.22 million, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.34 and a beta of 1.13.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, analysts anticipate that Hudson Technologies will post 0.55 EPS for the current fiscal year.

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.