Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) Price Target at $9.33

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given a consensus rating of “Hold” by the five analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.3333.

A number of research analysts recently commented on the stock. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hudson Technologies in a research report on Monday, December 29th. Zacks Research downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen raised Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th.

Hudson Technologies Stock Performance

HDSN opened at $7.17 on Friday. Hudson Technologies has a one year low of $5.11 and a one year high of $10.52. The company has a market cap of $308.31 million, a P/E ratio of 14.34 and a beta of 0.86. The business’s 50-day simple moving average is $7.11 and its 200-day simple moving average is $8.45.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Hudson Technologies had a return on equity of 8.97% and a net margin of 9.60%.The firm had revenue of $74.01 million during the quarter, compared to the consensus estimate of $72.15 million. As a group, analysts predict that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Hudson Technologies by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock worth $115,000 after purchasing an additional 1,247 shares during the period. GAMMA Investing LLC boosted its stake in shares of Hudson Technologies by 30.5% during the second quarter. GAMMA Investing LLC now owns 6,487 shares of the industrial products company’s stock worth $53,000 after buying an additional 1,517 shares during the period. CWM LLC boosted its stake in shares of Hudson Technologies by 13.7% during the third quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,696 shares during the period. Quarry LP grew its holdings in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after buying an additional 1,805 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in Hudson Technologies by 2.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 96,922 shares of the industrial products company’s stock valued at $787,000 after acquiring an additional 2,635 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.