Hudson Technologies (NASDAQ:HDSN) Price Target Lowered to $8.00 at Roth Mkm

Hudson Technologies (NASDAQ:HDSN) had its price target decreased by Roth Mkm from $9.00 to $8.00 in a research note released on Friday,Benzinga reports. Roth Mkm currently has a neutral rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on HDSN. Canaccord Genuity Group decreased 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. Wall Street Zen raised Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. B. Riley Financial reduced their target price on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.00.

Hudson Technologies Trading Down 2.4%

Shares of NASDAQ:HDSN traded down $0.15 on Friday, hitting $6.20. The company had a trading volume of 590,282 shares, compared to its average volume of 277,714. The company has a market cap of $266.60 million, a PE ratio of 17.22 and a beta of 0.92. Hudson Technologies has a 52-week low of $5.11 and a 52-week high of $10.52. The business has a 50 day moving average of $7.19 and a 200 day moving average of $8.11.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Hudson Technologies had a net margin of 6.76% and a return on equity of 7.78%. The firm had revenue of $44.41 million during the quarter, compared to analyst estimates of $38.12 million. As a group, equities analysts predict that Hudson Technologies will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HDSN. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hudson Technologies by 102.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,111,803 shares of the industrial products company’s stock worth $9,028,000 after purchasing an additional 563,899 shares during the period. Oaktree Capital Management LP acquired a new position in shares of Hudson Technologies during the 2nd quarter valued at $4,569,000. Allspring Global Investments Holdings LLC purchased a new stake in Hudson Technologies during the 3rd quarter worth $1,704,000. American Century Companies Inc. increased its holdings in Hudson Technologies by 23.6% in the 2nd quarter. American Century Companies Inc. now owns 1,072,754 shares of the industrial products company’s stock valued at $8,711,000 after purchasing an additional 204,695 shares in the last quarter. Finally, Isthmus Partners LLC raised its position in Hudson Technologies by 60.2% in the second quarter. Isthmus Partners LLC now owns 48,516 shares of the industrial products company’s stock valued at $394,000 after purchasing an additional 18,226 shares during the period. Institutional investors and hedge funds 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.