Hudson Technologies (NASDAQ:HDSN) Upgraded at Craig Hallum

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 research note issued on Thursday, Marketbeat.com reports. The firm presently has a $8.00 target price on the industrial products company's stock. Craig Hallum's target price would indicate a potential upside of 4.71% from the company's current price.

Separately, Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a "hold" rating for the company in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.25.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN traded down $0.08 during midday trading on Thursday, reaching $7.64. 300,887 shares of the company traded hands, compared to its average volume of 504,796. Hudson Technologies has a 52 week low of $5.11 and a 52 week high of $10.04. The stock has a 50-day moving average price of $6.05 and a 200 day moving average price of $5.96. The company has a market cap of $335.98 million, a price-to-earnings ratio of 11.75, a PEG 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, topping 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 firm had revenue of $55.34 million for the quarter, compared to analyst estimates of $52.23 million. As a group, analysts expect that Hudson Technologies will post 0.55 EPS for the current year.

Institutional Trading of Hudson Technologies

A number of hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $1,733,000. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 139,042 shares in the last quarter. Bastion Asset Management Inc. purchased a new position in Hudson Technologies during the 4th quarter valued at about $1,487,000. Barclays PLC grew its stake in Hudson Technologies by 314.0% during the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company's stock valued at $569,000 after acquiring an additional 51,719 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Hudson Technologies during the 4th quarter valued at about $249,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.