Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $10.60 Average PT from Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have received an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.60.

Several equities research analysts have issued reports on the stock. B. Riley dropped their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Craig Hallum cut their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Insiders Place Their Bets

In other news, Director Vincent P. Abbatecola sold 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $9.20, for a total value of $92,000.00. Following the completion of the sale, the director now owns 159,341 shares of the company’s stock, valued at approximately $1,465,937.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors have recently bought and sold shares of HDSN. Point72 DIFC Ltd purchased a new position in Hudson Technologies in the 2nd quarter worth approximately $55,000. Quest Partners LLC raised its holdings in Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after buying an additional 4,336 shares during the last quarter. Legato Capital Management LLC bought a new stake in Hudson Technologies during the 2nd quarter valued at $109,000. Virtu Financial LLC purchased a new stake in Hudson Technologies during the 1st quarter valued at $114,000. Finally, Sequoia Financial Advisors LLC grew its holdings in Hudson Technologies by 20.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 2,300 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $7.79 on Wednesday. The company has a market capitalization of $354.53 million, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21. Hudson Technologies has a 52-week low of $6.94 and a 52-week high of $15.24. The business’s fifty day moving average is $8.33 and its 200 day moving average is $9.77.

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