Hudson Technologies (NASDAQ:HDSN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hudson Technologies (NASDAQ:HDSN) from a hold rating to a buy rating in a research report released on Sunday morning.

HDSN has been the topic of several other reports. Zacks Research downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Canaccord Genuity Group cut their price objective on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Finally, 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 report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hudson Technologies currently has an average rating of “Hold” and an average price target of $9.33.

Hudson Technologies Trading Up 1.7%

Shares of NASDAQ HDSN opened at $6.75 on Friday. The firm has a market cap of $294.29 million, a P/E ratio of 16.88 and a beta of 0.91. The business’s 50 day moving average is $8.99 and its 200-day moving average is $8.62. Hudson Technologies has a 1-year low of $5.11 and a 1-year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $74.01 million during the quarter, compared to the consensus estimate of $72.15 million. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%. Analysts forecast that Hudson Technologies will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Hudson Technologies by 37.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 222,945 shares of the industrial products company’s stock worth $2,214,000 after buying an additional 61,153 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at $316,000. Verition Fund Management LLC acquired a new position in shares of Hudson Technologies during the 3rd quarter valued at $195,000. Quarry LP boosted its stake in Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Hudson Technologies in the third quarter worth $881,000. 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.