Zacks Investment Research upgraded shares of Hudson Technologies (NASDAQ:HDSN) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “

HDSN has been the topic of a number of other reports. ValuEngine cut Hudson Technologies from a hold rating to a sell rating in a report on Monday, July 2nd. William Blair cut Hudson Technologies from an outperform rating to a market perform rating in a report on Thursday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $6.50.

NASDAQ:HDSN traded up $0.03 on Wednesday, reaching $1.05. 299,446 shares of the stock traded hands, compared to its average volume of 529,364. The company has a market capitalization of $54.28 million, a PE ratio of 2.23 and a beta of 1.20. Hudson Technologies has a 1-year low of $1.00 and a 1-year high of $6.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 2.09.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, August 8th. The industrial products company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.72). The business had revenue of $58.08 million for the quarter, compared to the consensus estimate of $66.03 million. Hudson Technologies had a negative return on equity of 0.96% and a negative net margin of 23.19%. Research analysts predict that Hudson Technologies will post -0.14 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hudson Technologies by 32.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,900 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 19,200 shares in the last quarter. Millennium Management LLC bought a new position in shares of Hudson Technologies in the 1st quarter worth $149,000. Dimensional Fund Advisors LP lifted its holdings in shares of Hudson Technologies by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,232 shares of the industrial products company’s stock worth $11,828,000 after purchasing an additional 39,208 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Hudson Technologies in the 2nd quarter valued at $290,000. Finally, Marathon Capital Management raised its position in Hudson Technologies by 6.3% in the 2nd quarter. Marathon Capital Management now owns 828,075 shares of the industrial products company’s stock valued at $1,664,000 after buying an additional 49,250 shares during the last quarter. Institutional investors own 77.03% 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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