B. Riley Upgrades Hudson Technologies (NASDAQ:HDSN) to "Buy"

Hudson Technologies (NASDAQ:HDSN - Get Free Report) was upgraded by equities researchers at B. Riley from a "neutral" rating to a "buy" rating in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a $9.00 target price on the industrial products company's stock, up from their previous target price of $7.50. B. Riley's price target would suggest a potential upside of 14.50% from the company's current price.

Other analysts have also issued research reports about the company. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a report on Thursday, May 8th. Canaccord Genuity Group upped their target price on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.69.

Hudson Technologies Trading Up 1.2%

Shares of NASDAQ:HDSN traded up $0.09 during midday trading on Monday, hitting $7.86. The company had a trading volume of 458,249 shares, compared to its average volume of 496,267. Hudson Technologies has a 12 month low of $5.11 and a 12 month high of $9.28. The stock has a market cap of $341.75 million, a price-to-earnings ratio of 21.24, a PEG ratio of 0.71 and a beta of 0.93. The firm has a fifty day simple moving average of $6.85 and a 200 day simple moving average of $6.15.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $55.34 million for the quarter, compared to analyst estimates of $52.23 million. Hudson Technologies had a return on equity of 7.07% and a net margin of 7.74%. Equities analysts forecast that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors have recently bought and sold shares of the business. Aigen Investment Management LP grew its position in shares of Hudson Technologies by 13.6% in the fourth quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 2,167 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Hudson Technologies by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 94,287 shares of the industrial products company's stock valued at $582,000 after purchasing an additional 2,479 shares during the last quarter. Rhumbline Advisers grew its position in shares of Hudson Technologies by 3.9% in the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock valued at $388,000 after purchasing an additional 2,601 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Hudson Technologies by 111.8% in the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 2,624 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Hudson Technologies by 24.2% during the first quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company's stock worth $102,000 after buying an additional 3,225 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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.