Hudson Technologies (NASDAQ:HDSN) PT Lowered to $13.00 at Craig Hallum

Hudson Technologies (NASDAQ:HDSN) had its price target reduced by Craig Hallum from $16.00 to $13.00 in a report issued on Thursday morning, Benzinga reports. Craig Hallum currently has a buy rating on the industrial products company’s stock.

Several other analysts have also issued reports on the company. Canaccord Genuity Group restated a hold rating and issued a $10.00 price objective (down previously from $15.00) on shares of Hudson Technologies in a research note on Thursday. Roth Mkm decreased their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. B. Riley decreased their price target on Hudson Technologies from $17.00 to $16.00 and set a buy rating for the company in a research note on Thursday, March 7th. Finally, Canaccord Genuity Group cut shares of Hudson Technologies from a buy rating to a hold rating and reduced their price target for the stock from $15.00 to $10.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $12.40.

Hudson Technologies Stock Performance

Shares of HDSN stock traded up $0.19 during mid-day trading on Thursday, reaching $9.32. The company’s stock had a trading volume of 278,842 shares, compared to its average volume of 506,037. The company has a market cap of $424.15 million, a P/E ratio of 9.32, a PEG ratio of 0.41 and a beta of 1.00. The firm’s 50-day moving average is $11.48 and its two-hundred day moving average is $12.48. Hudson Technologies has a 1-year low of $7.56 and a 1-year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $65.25 million during the quarter, compared to analysts’ expectations of $63.04 million. Hudson Technologies had a return on equity of 22.00% and a net margin of 16.70%. During the same period in the previous year, the business posted $0.33 EPS. Sell-side analysts anticipate that Hudson Technologies will post 0.74 EPS for the current year.

Institutional Trading of Hudson Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Hudson Technologies by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,769 shares of the industrial products company’s stock worth $21,243,000 after buying an additional 30,217 shares in the last quarter. Sixth Street Partners Management Company L.P. boosted its stake in Hudson Technologies by 53.1% in the 3rd quarter. Sixth Street Partners Management Company L.P. now owns 995,000 shares of the industrial products company’s stock worth $13,234,000 after purchasing an additional 345,000 shares in the last quarter. RK Capital Management LLC grew its holdings in shares of Hudson Technologies by 3.8% during the fourth quarter. RK Capital Management LLC now owns 498,300 shares of the industrial products company’s stock valued at $6,722,000 after buying an additional 18,400 shares during the last quarter. Soviero Asset Management LP increased its holdings in Hudson Technologies by 4.1% in the 4th quarter. Soviero Asset Management LP now owns 380,000 shares of the industrial products company’s stock worth $5,126,000 after buying an additional 14,900 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Hudson Technologies by 39.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 355,918 shares of the industrial products company’s stock valued at $3,919,000 after purchasing an additional 100,613 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.