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

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $9.3333.

Several equities analysts have recently weighed in on the company. Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a report on Thursday, November 6th. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 11th. Finally, Canaccord Genuity Group dropped their price objective on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a research note on Monday, November 10th.

Institutional Trading of Hudson Technologies

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Hudson Technologies by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after purchasing an additional 39,654 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Hudson Technologies during the first quarter worth about $97,000. Goldman Sachs Group Inc. increased its position in Hudson Technologies by 49.1% during the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 80,973 shares during the last quarter. Cardinal Point Capital Management ULC bought a new stake in Hudson Technologies in the second quarter valued at approximately $104,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Hudson Technologies in the second quarter valued at approximately $1,098,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Trading Up 0.7%

Hudson Technologies stock opened at $7.38 on Wednesday. Hudson Technologies has a 1-year low of $5.11 and a 1-year high of $10.52. The company has a fifty day simple moving average of $7.22 and a 200 day simple moving average of $8.30. The company has a market cap of $317.34 million, a P/E ratio of 14.76 and a beta of 0.91.

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.