Hudson Technologies (NASDAQ:HDSN) Stock Rating Upgraded by B. Riley

Hudson Technologies (NASDAQ:HDSN - Get Free Report) was upgraded by investment analysts at B. Riley from a "neutral" rating to a "buy" rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm 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 indicates a potential upside of 15.83% from the company's current price.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research note on Thursday, May 8th. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.69.

Hudson Technologies Stock Performance

Hudson Technologies stock traded down $0.16 during midday trading on Monday, reaching $7.77. 529,812 shares of the stock were exchanged, compared to its average volume of 496,000. Hudson Technologies has a 52 week low of $5.11 and a 52 week high of $9.28. The firm has a market cap of $337.84 million, a PE ratio of 21.00, a PEG ratio of 0.72 and a beta of 0.93. The company's fifty day moving average is $6.81 and its 200-day moving average is $6.14.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $55.34 million during 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%. On average, sell-side analysts anticipate that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased 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 acquiring an additional 2,624 shares during the period. Quarry LP increased its holdings in Hudson Technologies by 89.1% during the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 4,165 shares during the period. State of Wyoming purchased a new position in Hudson Technologies during the 4th quarter valued at about $53,000. RPO LLC purchased a new stake in Hudson Technologies in the 4th quarter worth approximately $62,000. Finally, ProShare Advisors LLC bought a new stake in shares of Hudson Technologies in the 4th quarter worth approximately $70,000. 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.