Hudson Technologies, Inc. (HDSN) Downgraded by ValuEngine to “Hold”
ValuEngine lowered shares of Hudson Technologies, Inc. (NASDAQ:HDSN) from a buy rating to a hold rating in a research note published on Monday morning.
A number of other analysts have also recently issued reports on HDSN. Roth Capital set a $10.00 price objective on Hudson Technologies and gave the company a buy rating in a research report on Saturday, June 17th. B. Riley lowered Hudson Technologies to a neutral rating and set a $10.00 target price on the stock. in a report on Wednesday, August 16th. Zacks Investment Research upgraded Hudson Technologies from a sell rating to a hold rating in a research note on Friday, August 11th. Finally, BidaskClub cut shares of Hudson Technologies from a hold rating to a sell rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $9.50.
Hudson Technologies (HDSN) traded up 1.43% during midday trading on Monday, reaching $7.81. The company’s stock had a trading volume of 50,233 shares. The firm has a 50-day moving average price of $8.69 and a 200 day moving average price of $8.02. Hudson Technologies has a 52-week low of $5.55 and a 52-week high of $10.40. The stock has a market capitalization of $325.18 million, a price-to-earnings ratio of 18.29 and a beta of 1.11.
Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. The company had revenue of $52.23 million for the quarter, compared to analysts’ expectations of $46.34 million. Equities research analysts predict that Hudson Technologies will post $0.40 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in HDSN. AXA bought a new position in Hudson Technologies during the first quarter worth about $106,000. SG Americas Securities LLC acquired a new stake in Hudson Technologies in the 2nd quarter worth about $107,000. Airain ltd acquired a new stake in Hudson Technologies in the 1st quarter worth about $118,000. Sheaff Brock Investment Advisors LLC boosted its holdings in Hudson Technologies by 20.8% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 2,500 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in Hudson Technologies by 25.0% in the 2nd quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 2,994 shares during the period. 75.66% of the stock is owned by institutional investors.
Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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