Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has been assigned an average rating of "Hold" from the seven analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.6250.
A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised Hudson Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, September 8th. Zacks Research downgraded Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, Canaccord Genuity Group raised Hudson Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $6.75 to $10.50 in a research note on Thursday, July 31st.
Get Our Latest Stock Analysis on Hudson Technologies
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its stake in Hudson Technologies by 13.7% in the 3rd quarter. CWM LLC now owns 14,102 shares of the industrial products company's stock valued at $140,000 after purchasing an additional 1,696 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter worth $461,000. Tower Research Capital LLC TRC increased its stake in shares of Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock worth $71,000 after acquiring an additional 5,576 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Hudson Technologies by 1,309.6% in the 2nd quarter. Lazard Asset Management LLC now owns 80,811 shares of the industrial products company's stock worth $656,000 after acquiring an additional 75,078 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Hudson Technologies by 7.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 297,112 shares of the industrial products company's stock worth $2,413,000 after acquiring an additional 19,700 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Hudson Technologies Price Performance
Shares of NASDAQ:HDSN opened at $9.21 on Thursday. Hudson Technologies has a 1 year low of $5.11 and a 1 year high of $10.52. The firm has a market capitalization of $402.20 million, a price-to-earnings ratio of 23.03 and a beta of 0.96. The business's 50 day moving average price is $9.79 and its 200-day moving average price is $8.15.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The firm had revenue of $72.85 million for the quarter, compared to analyst estimates of $71.67 million. On average, sell-side analysts expect that Hudson Technologies will post 0.55 earnings per share for the current year.
About Hudson Technologies
(
Get Free Report)
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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