Hudson Technologies, Inc. (NASDAQ:HDSN) Stock Rated “Hold” by Sell-Side Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $7.50.

Several research analysts have recently weighed in on HDSN shares. Zacks Research cut shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday. Canaccord Genuity Group cut their price objective on shares of Hudson Technologies from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial reduced their target price on shares of Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday.

Insiders Place Their Bets

In other Hudson Technologies news, major shareholder Hartree Partners, Lp acquired 118,549 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was purchased at an average cost of $5.10 per share, with a total value of $604,599.90. Following the transaction, the insider owned 5,348,517 shares of the company’s stock, valued at $27,277,436.70. This trade represents a 2.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders purchased 254,327 shares of company stock valued at $1,339,392 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Hudson Technologies

Several large investors have recently made changes to their positions in HDSN. Isthmus Partners LLC increased its holdings in Hudson Technologies by 3.8% in the 3rd quarter. Isthmus Partners LLC now owns 59,639 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 2,183 shares during the last quarter. SummerHaven Investment Management LLC acquired a new position in Hudson Technologies during the third quarter worth $473,000. Squarepoint Ops LLC lifted its stake in Hudson Technologies by 154.5% during the second quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 40,202 shares in the last quarter. Kerrisdale Advisers LLC lifted its stake in Hudson Technologies by 420.6% during the second quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock worth $1,722,000 after purchasing an additional 242,354 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Hudson Technologies during the second quarter worth $1,741,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

HDSN stock opened at $4.31 on Monday. The business has a 50 day simple moving average of $5.22 and a 200-day simple moving average of $5.93. The firm has a market capitalization of $181.41 million, a PE ratio of -215.50 and a beta of 0.89. Hudson Technologies has a 1 year low of $4.10 and a 1 year high of $9.18.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The company had revenue of $59.42 million for the quarter, compared to analysts’ expectations of $77.96 million. Hudson Technologies had a positive return on equity of 0.80% and a negative net margin of 0.54%. On average, equities research analysts expect that Hudson Technologies will post 0.11 EPS for the current year.

About Hudson Technologies

Hudson Technologies, Inc (NASDAQ:HDSN) provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.