Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) PT at $7.85

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.85.

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group decreased their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. B. Riley restated a “neutral” rating and set a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Finally, Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HDSN. Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after acquiring an additional 364,117 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Hudson Technologies in the 4th quarter valued at $1,612,000. Cubist Systematic Strategies LLC purchased a new position in shares of Hudson Technologies in the 2nd quarter valued at $1,537,000. JPMorgan Chase & Co. increased its holdings in shares of Hudson Technologies by 69.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock valued at $2,824,000 after acquiring an additional 139,042 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Hudson Technologies by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company’s stock valued at $5,711,000 after acquiring an additional 65,174 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $5.90 on Monday. Hudson Technologies has a 52-week low of $5.17 and a 52-week high of $15.24. The firm has a market capitalization of $266.68 million, a P/E ratio of 9.08, a P/E/G ratio of 0.49 and a beta of 1.11. The stock has a 50 day moving average price of $5.78 and a 200 day moving average price of $7.17.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The firm had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. During the same period last year, the company earned $0.34 EPS. As a group, sell-side analysts forecast that Hudson Technologies will post 0.55 EPS for the current year.

About Hudson Technologies

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.