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

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.3333.

Several analysts have issued reports on the stock. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Thursday, November 6th. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Canaccord Genuity Group lowered 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 note on Monday, November 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Hudson Technologies during the fourth quarter valued at about $28,000. Nkcfo LLC purchased a new position in shares of Hudson Technologies during the 3rd quarter valued at about $47,000. Quarry LP raised its holdings in shares of Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares in the last quarter. GAMMA Investing LLC lifted its position in Hudson Technologies by 30.5% in the 2nd 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 last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after buying an additional 5,576 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $7.14 on Friday. The firm has a market capitalization of $307.02 million, a P/E ratio of 14.28 and a beta of 0.86. Hudson Technologies has a one year low of $5.11 and a one year high of $10.52. The business has a fifty day moving average price of $7.13 and a 200-day moving average price of $8.44.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $74.01 million for the quarter, compared to analysts’ expectations of $72.15 million. Hudson Technologies had a return on equity of 8.97% and a net margin of 9.60%. Sell-side analysts expect that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

About Hudson Technologies

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.