Hudson Technologies, Inc. (HDSN) Given a $11.00 Price Target by Roth Capital Analysts
Roth Capital set a $11.00 price target on Hudson Technologies, Inc. (NASDAQ:HDSN) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the industrial products company’s stock.
A number of other analysts also recently commented on the company. BidaskClub raised Hudson Technologies from a hold rating to a buy rating in a research note on Saturday, July 8th. Zacks Investment Research cut Hudson Technologies from a hold rating to a sell rating in a report on Monday, July 24th. B. Riley cut Hudson Technologies from a buy rating to a neutral rating and set a $10.00 target price on the stock. in a report on Friday, August 11th. Finally, ValuEngine upgraded Hudson Technologies from a hold rating to a buy rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Hudson Technologies currently has a consensus rating of Hold and an average target price of $10.50.
Hudson Technologies (NASDAQ HDSN) traded up 0.80% during mid-day trading on Thursday, reaching $7.59. The company’s stock had a trading volume of 966,848 shares. The firm has a 50 day moving average price of $8.60 and a 200-day moving average price of $8.02. Hudson Technologies has a 1-year low of $5.55 and a 1-year high of $10.40. The company has a market capitalization of $316.02 million, a PE ratio of 17.78 and a beta of 1.11.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. The company had revenue of $52.23 million for the quarter, compared to the consensus estimate of $46.34 million. On average, equities analysts predict that Hudson Technologies will post $0.40 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. AXA acquired a new position in shares of Hudson Technologies in the 1st quarter worth $106,000. SG Americas Securities LLC acquired a new position in shares of Hudson Technologies in the 2nd quarter worth $107,000. Sheaff Brock Investment Advisors LLC grew its holdings in shares of 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 worth $123,000 after acquiring an additional 2,500 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of 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 worth $126,000 after acquiring an additional 2,994 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in shares of Hudson Technologies in the 2nd quarter worth $131,000. Institutional investors and hedge funds own 75.66% of the company’s stock.
About Hudson Technologies
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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