Hudson Technologies (NASDAQ:HDSN) Price Target Cut to $13.00

Hudson Technologies (NASDAQ:HDSN) had its price objective dropped by equities research analysts at Craig Hallum from $16.00 to $13.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Craig Hallum’s price target indicates a potential upside of 48.23% from the stock’s previous close.

HDSN has been the subject of a number of other research reports. B. Riley reduced their price target on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $10.00 in a research note on Thursday. Canaccord Genuity Group restated a “hold” rating and issued a $10.00 price target (down previously from $15.00) on shares of Hudson Technologies in a research note on Thursday. Finally, Roth Mkm cut their price target on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.40.

Hudson Technologies Stock Down 10.5 %

Shares of NASDAQ:HDSN traded down $1.03 during midday trading on Thursday, reaching $8.77. The company had a trading volume of 1,983,145 shares, compared to its average volume of 483,253. Hudson Technologies has a 1-year low of $7.21 and a 1-year high of $15.24. The stock has a market cap of $399.12 million, a PE ratio of 7.90, a P/E/G ratio of 0.34 and a beta of 1.01. The business’s 50 day moving average price is $11.70 and its 200 day moving average price is $12.55.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. The firm had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, research analysts expect that Hudson Technologies will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Hudson Technologies by 417.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 5,610 shares in the last quarter. Paradice Investment Management LLC bought a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $154,000. Sequoia Financial Advisors LLC acquired a new stake in Hudson Technologies during the first quarter worth approximately $126,000. Arizona State Retirement System bought a new position in Hudson Technologies during the 4th quarter worth $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hudson Technologies in the 4th quarter valued at $163,000. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.