Craig Hallum Upgrades Hudson Technologies (NASDAQ:HDSN) to Buy

Hudson Technologies (NASDAQ:HDSN - Get Free Report) was upgraded by research analysts at Craig Hallum from a "hold" rating to a "buy" rating in a report issued on Thursday,Briefing.com Automated Import reports. The firm currently has a $8.00 price objective on the industrial products company's stock. Craig Hallum's price target would indicate a potential upside of 19.23% from the company's current price.

Separately, Canaccord Genuity Group lowered their price target on shares of Hudson Technologies from $8.00 to $6.25 and set a "hold" rating on the stock in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Hudson Technologies has a consensus rating of "Hold" and a consensus target price of $7.13.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $6.71 on Thursday. Hudson Technologies has a one year low of $5.11 and a one year high of $10.04. The stock has a fifty day moving average of $5.92 and a 200-day moving average of $5.99. The company has a market capitalization of $295.08 million, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $55.34 million during the quarter, compared to analyst estimates of $52.23 million. As a group, research analysts forecast that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Hudson Technologies by 314.0% in the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company's stock worth $569,000 after buying an additional 51,719 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Hudson Technologies by 69.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company's stock valued at $2,824,000 after purchasing an additional 139,042 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Hudson Technologies during the fourth quarter worth about $1,612,000. SG Americas Securities LLC boosted its holdings in shares of Hudson Technologies by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company's stock worth $160,000 after acquiring an additional 9,319 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Hudson Technologies by 50.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company's stock valued at $305,000 after purchasing an additional 18,344 shares during the last quarter. 71.34% of the stock is 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.

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