Hudson Technologies, Inc. (NASDAQ:HDSN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. “

A number of other analysts also recently commented on HDSN. B. Riley reissued a “neutral” rating and issued a $10.00 price objective (up previously from $8.50) on shares of Hudson Technologies in a research note on Wednesday. BidaskClub downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Roth Capital set a $10.00 price objective on Hudson Technologies and gave the stock a “buy” rating in a research note on Saturday, June 17th. ValuEngine raised Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, TheStreet raised Hudson Technologies from a “c+” rating to a “b” rating in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.50.

Shares of Hudson Technologies (NASDAQ:HDSN) traded down 6.59% during trading on Friday, reaching $8.65. The company had a trading volume of 2,165,309 shares. The company has a market capitalization of $360.06 million, a P/E ratio of 20.26 and a beta of 1.12. The firm has a 50-day moving average price of $8.55 and a 200-day moving average price of $7.67. Hudson Technologies has a 52-week low of $5.00 and a 52-week high of $10.40.

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 18.21% 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, analysts predict that Hudson Technologies will post $0.40 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Hudson Technologies by 18.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,710,780 shares of the industrial products company’s stock worth $14,456,000 after buying an additional 267,862 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Hudson Technologies by 33.9% in the second quarter. Parametric Portfolio Associates LLC now owns 227,823 shares of the industrial products company’s stock worth $1,925,000 after buying an additional 57,668 shares during the period. Cooper Creek Partners Management LLC raised its stake in shares of Hudson Technologies by 3.9% in the second quarter. Cooper Creek Partners Management LLC now owns 1,506,291 shares of the industrial products company’s stock worth $12,728,000 after buying an additional 56,500 shares during the period. Formula Growth Ltd. raised its stake in shares of Hudson Technologies by 17.9% in the second quarter. Formula Growth Ltd. now owns 165,000 shares of the industrial products company’s stock worth $1,394,000 after buying an additional 25,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Hudson Technologies by 12.8% in the second quarter. Vanguard Group Inc. now owns 1,417,857 shares of the industrial products company’s stock worth $11,980,000 after buying an additional 160,663 shares during the period. 76.23% of the stock is currently 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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